Summary by Futu AI
China Energy Engineering Corporation Limited (referred to as "China Energy Eng") announced on June 11, 2024 that it plans to issue A shares to specific targets to raise funds of no more than 9 billion yuan. This funding will be used for four main projects, including the Hami "Photothermal Storage" Multi-energy Complementary Integrated Green Power Demonstration Project, Zhejiang Thermal Power Construction Co., Ltd Photothermal + Photovoltaic Integrated Project, Hubei Yingcheng 300MW Compressed Air Energy Storage Power Station Demonstration Project and Uzbekistan Bash and Zanqeldi Wind Power Project. The total investment of these projects is 22.799 billion yuan, aimed at promoting China Energy Eng's green energy development strategy and supporting the country's goal of carbon peak and carbon neutrality. The use plan of the raised funds has been approved by the board of directors, and the implementation of the projects will help to enhance the company's asset size and operational efficiency, and strengthen the company's capital strength and competitiveness.