SCIYON: Smart Energy plans to increase its capital in Zhongji Peixian through debt-to-equity conversion
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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
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