Huadian Liaoning Energy Development (SHA:600396) plans to increase the capital of its subsidiary, Huadian (Liaoning) Energy Sales, by 100 million yuan, according to a Shanghai bourse filing on Friday.
The capital increase will raise Huadian Energy Sales' paid-in capital and total assets above 200 million yuan. Huadian Energy Sales will also be able to participate in electricity market transactions of more than 6 billion kilowatt-hours, the Chinese power company said.
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