Shenzhen VAPEL Power Supply Technology Subsidiary to Invest in Photovoltaic Charging Station

MT Newswires Live

Mar 13

Shenzhen VAPEL Power Supply Technology (SHE:301516) subsidiary Shenzhen Weiper Digital Energy will invest in the construction of a rooftop photovoltaic and energy storage charging station.

Shares fell 1% during the close of trading on Friday.

The subsidiary will make a joint investment with partner Shenzhen Yuhe Investment, according to a Thursday filing with the Shenzhen bourse.

Following the transaction, Weiper will boost the capital in Shenzhen Shenneng Zhiyuan Technology to 3 million yuan from 10,000 yuan.

Shenneng Zhiyuan will construct the rooftop photovoltaic and energy storage charging projects, which will be located in Weiper's own industrial park.

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