China Financial International Investments Limited Announces Restructuring Agreement Amid Equity Adjustments

Reuters
16 May
China Financial International Investments Limited Announces Restructuring Agreement Amid Equity Adjustments

China Financial International Investments Limited announced a restructuring agreement involving Huiqing New Energy. In April 2023, the company, along with another shareholder, exited Huiqing New Energy, reducing their stake to accommodate state-owned enterprises. This restructuring aimed to attract investments from Zhongxin New Energy. The company's effective interest in Huiqing New Energy decreased, freeing up RMB60 million in capital. The agreement was part of a strategic move to enhance investment prospects in Zhongxin New Energy.

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