HENGYUN GROUP A: Increased capital by 75 million yuan to its wholly-owned subsidiary Guangzhou HENGYUN Thermal Energy Group to support the establishment of the project company Guangxi Qinzhou HENGYUN Energy Technology Co., Ltd
HENGYUN GROUP A announced that the company has decided to increase its investment by 75 million yuan in its wholly-owned subsidiary Guangzhou HENGYUN Thermal Energy Group to support the establishment of a project company, Guangxi Qinzhou HENGYUN Energy Technology Co., Ltd., for the construction of the Smart Empowerment Chain Project in the Jinwo Industrial Park, Qin Nan District, Qinzhou City, Guangxi. The registered capital of the project company is 78 million yuan, with a total investment of approximately 260 million yuan for the first phase of the project. This investment aims to align with the national new energy policy, promote the development of the company's main business, and enhance competitiveness. The project is planned to be constructed in three phases, with the first phase involving the construction of 2×50t/h medium-temperature and medium-pressure circulating fluidized bed boilers and supporting facilities, with an expected return on investment of 8.05%
