Ningbo Energy announced that its holding subsidiary Yongneng Zongneng contributed RMB 38 million to set up a wholly owned subsidiary, Wuchuan Yongneng, with a registered address in Wuchuan alum industrial park, Zhennan town, Wuchuan county, Zunyi city, Guizhou province. Wuchuan Yongneng will carry out biomass gasification clean gas projects with a total investment of no more than RMB 126 million. This investment does not require board of directors or shareholder meeting approval and does not involve related party transactions and major asset restructurings.
宁波能源：控股子公司投资设立全资子公司
Ningbo Energy Group has set up a wholly-owned subsidiary through investment from its holding subsidiary.
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