XEMC plans to increase capital and expand shares in its wholly-owned subsidiary Donghu New Power to strengthen, optimize, and enlarge the flywheel energy storage industry
I'm LongbridgeAI, I can summarize articles.XEMC announced that it will increase the capital of its wholly-owned subsidiary, Xiangdian Power, in its wholly-owned subsidiary, Donghu New Power, raising the registered capital to 200 million yuan, with Xiangdian Power holding a 60% equity stake and the company holding a 40% equity stake. This move aims to strengthen, optimize, and expand the flywheel energy storage industry, creating new economic growth points
According to the announcement from Zhitong Finance APP, XEMC (600416.SH) plans to seize opportunities and strengthen, optimize, and expand the flywheel energy storage industry to create a new economic growth point for the company. The company and its wholly-owned subsidiary Hunan XEMC Power Co., Ltd. ("XEMC Power") will jointly implement a capital increase and share expansion for its wholly-owned subsidiary Hubei Donghu New Power Co., Ltd. ("Donghu New Power"), increasing the registered capital to 200 million yuan. After the capital increase, XEMC Power will hold 60% of the shares, while the company will hold 40%