Xinte Energy Co., Ltd. has announced a capital injection transaction involving its subsidiary, Sunoasis. On June 26, 2025, Sunoasis entered into an agreement with ICBC Financial and Fengsheng Power Generation for a capital injection of RMB500 million by ICBC Financial into Fengsheng Power Generation. This transaction marks the introduction of a third-party investor, ICBC Financial, into the subsidiary. The capital injection agreement aims to enhance the financial strength and operational capacity of Fengsheng Power Generation. The announcement was made by Xinte Energy Co., Ltd., with Zhang Jianxin serving as the chairman.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.