Perennial Energy to take 51% stake in Guizhou Huaneng Jiayuan via CNY114.49 million capital increase

Reuters

Mar 11

Perennial Energy to take 51% stake in Guizhou Huaneng Jiayuan via CNY114.49 million capital increase

Perennial Energy agreed to acquire a 51% equity stake in Guizhou Huaneng Jiayuan Coal by contributing RMB114.49 million of registered capital. The contribution will be settled by transferring the mining rights of the Xiejiahegou coal mine, along with related property and operating assets, into the target. The target’s registered capital is set to increase to RMB224.49 million from RMB110 million. The transaction is structured in two stages: asset contribution completion followed by registration completion that updates the target’s business licence to reflect Perennial Energy’s ownership. After registration completion, the remaining shareholders are expected to hold about 21%, 15% and 14% of the target, respectively.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Perennial Energy Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260311-12048554), on March 11, 2026, and is solely responsible for the information contained therein.

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