Summary by Futu AI
Daitang New Energy announced on March 4, 2024 that it has signed a joint venture agreement with Daitang Guizhou to jointly invest in the establishment of a joint venture company to focus on the development of the new energy project in Zunyi, Sichuan. The total investment of the project is RMB 5 billion, of which 20% is project capital, i.e. RMB 1 billion. Daitang New Energy will invest RMB 5100 million in cash, accounting for 51% of the project capital, while Daitang Guizhou will invest RMB 4900 million, accounting for 49%. The remaining funds will be resolved through project financing. Since the Daitang Group directly and indirectly holds approximately 65.61% of the issued share capital of Daitang New Energy, Daitang Guizhou is a wholly owned subsidiary of Daitang. This...Show More