Jidian Co., Ltd. (000875.SZ) plans to use wind power and photovoltaic power generation assets to develop REITs business

Zhitongcaijing · 10/15 08:57

Zhitong Finance App News, Jidian Co., Ltd. (000875.SZ) announced that the company plans to use its subsidiaries “Fuxin Hangtai Solar Power Co., Ltd., Hexian Jifeng Wind Power Co., Ltd., Chizhou Xinyang New Energy Power Generation Co., Ltd., Chizhou Zhongan Green Energy Xiangyu Wind Power Co., Ltd., Hetian Saiwei Photovoltaic Technology Co., Ltd., Huocheng Huaguang Power Generation Co., Ltd., and Chabchar Huaguang Power Generation Co., Ltd.” Phase I PV Project, China “Guanghuocheng Photovoltaic Project and Chabchar Photovoltaic Project” applied to the Shenzhen Stock Exchange for registration and issuance of special asset support plans (like REITs) as target assets, with a total distribution scale of no more than 1.4 billion yuan.

The announcement stated that by issuing REITs, Jidian Co., Ltd. can revitalize existing assets, introduce low-cost equity funds for capital investment in clean energy projects, broaden funding sources for clean energy investment, and strongly support future development. The development of this type of REITs business can reduce the balance ratio and expand the company's investment and development space while introducing external equity capital, helping to significantly improve the company's balance and liability structure and achieve high-quality development with carbon reduction and emission reduction.