ZZEPC plans to invest 751 million yuan to acquire a stake in China Fusion Energy Co., Ltd
I'm LongbridgeAI, I can summarize articles.ZZEPC announced that it will invest approximately 751 million yuan to acquire a 5% stake in China Fusion Energy Co., Ltd. This investment is being conducted in collaboration with multiple parties, including China National Nuclear Corporation, and aims to support the fusion company's research and development in controllable nuclear fusion technology, aligning with national energy security and environmental protection strategic goals
According to the Zhitong Finance APP, ZZEPC (600023.SH) announced that the company, along with China National Nuclear Corporation (referred to as "CNNC"), China Nuclear Power, China National Petroleum Corporation Kunlun Capital Co., Ltd. (referred to as "Kunlun Capital"), Shanghai Future Fusion Energy Technology Co., Ltd. (referred to as "Shanghai Fusion"), National Green Development Fund Co., Ltd. (referred to as "National Green Fund"), and Sichuan Heavy Science Fusion Energy Technology Co., Ltd. (referred to as "Sichuan Fusion"), will jointly invest approximately 11.492 billion yuan in China Fusion Energy Co., Ltd. (referred to as "Fusion Company") at a price of 1.0019 yuan per registered capital, subscribing to an additional registered capital of 11.469 billion yuan for Fusion Company, of which the company will contribute approximately 751 million yuan to hold a 5% equity stake in Fusion Company.
Fusion Company possesses cutting-edge technology research and development capabilities and an industry-leading position in the field of controllable nuclear fusion technology. Its technology research and development and industrialization processes are highly aligned with the national strategic goals of energy security and environmental protection. The company's investment in Fusion Company has significant strategic importance and necessity