Ningbo Energy plans to invest CNY 58.5 million to establish a joint venture company, Yongneng Technology
Ningbo Energy announced that it will jointly invest with Ningbo Shenju, Hailiang Capital, and Shanghai Jize to establish a joint venture company, Yongneng Technology, with a registered capital of 150 million yuan, of which Ningbo Energy will contribute 58.5 million yuan. The company will be responsible for the construction and operation of a 300,000 tons/year oil shale fluidized coking shale oil industrial demonstration project in Beipiao City
According to the announcement from Zhitong Finance APP, Ningbo Energy (600982.SH) has announced that the company will establish Yongneng Technology in partnership with Ningbo Shenju Energy Technology Co., Ltd. (referred to as "Ningbo Shenju"), Zhejiang Hailiang Capital Investment Management Co., Ltd. (referred to as "Hailiang Capital"), and Shanghai Jize Management Consulting Partnership (Limited Partnership) (referred to as "Shanghai Jize") with a shareholding ratio of 39%, 31%, 15%, and 15%, respectively. The company will be responsible for establishing a wholly-owned project company in Beipiao City to carry out the construction and operation of a 300,000 tons/year oil shale fluidized pyrolysis shale oil industrial demonstration project. The registered capital of Yongneng Technology is 150 million yuan, and the company has subscribed to 58.5 million yuan
