Summary by Futu AI
China Energy Engineering Corporation Limited ("the Company") announced on June 12, 2024 that it will issue A shares of stocks to specific objects to enhance the Company's capital strength and competitive advantage. The underwriter of this issuance is CITIC Securities Co., Ltd. The raised funds will be invested in four key projects, including the Hami "light (heat) storage" multi-energy complementary integrated green electricity demonstration project, Zhejiang solar thermal + photovoltaic integration project, Hubei Yingcheng 300MW level compressed air energy storage power station demonstration project, and Uzbekistan Bash and Zankeldy Wind Power Project, aiming to promote the Company's business development and comply with the Company's development strategy. After the issuance is completed, the Company's capital structure will be optimized, and its long-term profitability is expected to be improved. The underwriting prospectus is issued by CITIC Securities to ensure that the issuance conditions, main issues and risks, and development prospects comply with relevant laws, regulations, and normative documents.