SCIYON: Smart Energy plans to increase its capital in Zhongji Peixian through debt-to-equity conversion
SCIYON announced that it will increase its capital by 277 million yuan to its wholly-owned subsidiary Zhongji Peixian through a debt-to-equity swap, in order to optimize its asset-liability structure and promote the company's sustainable development. This move aims to clean up internal transactions, facilitating the subsequent disposal of idle assets
According to the announcement from KeYuan ZhiHui (002380.SZ), in order to meet the actual operational needs of the company and to clean up internal transactions, the company will optimize the asset-liability structure of its wholly-owned subsidiary Nanjing KeYuan ZhiHui Energy Investment Co., Ltd. (referred to as "ZhiHui Energy") and its wholly-owned subsidiary ZhongJi Clean Energy PeiXian Co., Ltd. (referred to as "ZhongJi PeiXian"). To facilitate the subsequent disposal of idle assets, the company will increase its capital through a debt-to-equity swap, with an amount of 277 million yuan for this debt-to-equity swap.
The target of this capital increase is the company's wholly-owned subsidiary. ZhiHui Energy will increase its capital in ZhongJi PeiXian through a debt-to-equity swap, which can optimize its asset-liability structure, facilitate the subsequent disposal of idle assets, and promote the overall sustainable development of the company
