According to China Power Construction's announcement, the company's subsidiary Hydropower Development Company and Beijing Institute plan to jointly increase the capital of the project company Xinglong Company to build the Anziling pumped storage power plant project in Xinglong, Hebei Province. The total investment of the project is about 9.456 billion yuan, and the capital is about 1,893 billion yuan. The registered capital of Xinglong Company will increase from 100 million yuan to 1,893 billion yuan. Among them, the Hydropower Development Company added 986 million yuan and 55 percent of the shares, the Beijing Institute added 90 million yuan in pledges and 5% of the shares, and Electric Construction Real Estate added 627 million yuan and 35% of the shares. The amount of this related transaction is 1,076 billion yuan. It does not constitute a major asset restructuring, and there is no need to submit it to the shareholders' meeting for review.

Zhitongcaijing · 1d ago
According to China Power Construction's announcement, the company's subsidiary Hydropower Development Company and Beijing Institute plan to jointly increase the capital of the project company Xinglong Company to build the Anziling pumped storage power plant project in Xinglong, Hebei Province. The total investment of the project is about 9.456 billion yuan, and the capital is about 1,893 billion yuan. The registered capital of Xinglong Company will increase from 100 million yuan to 1,893 billion yuan. Among them, the Hydropower Development Company added 986 million yuan and 55 percent of the shares, the Beijing Institute added 90 million yuan in pledges and 5% of the shares, and Electric Construction Real Estate added 627 million yuan and 35% of the shares. The amount of this related transaction is 1,076 billion yuan. It does not constitute a major asset restructuring, and there is no need to submit it to the shareholders' meeting for review.