Jiangsu Xinneng (603693.SH) announced that in August 2023, the consortium formed by the company, Xinyu Group and CGN Wind Power Co., Ltd. won the bid for the Qianhuang Town Yuguang Integrated Project in Qianhuang Town, Wujin District, Changzhou City (formerly the “Qianhuang Project”). In order to promote the development and construction of the Qianhuang Project, according to the consortium agreement, the company and Xinyu Group jointly established Jiangsu Xinneng Xinyu Energy Co., Ltd. (“Xinneng Xinyu”) as the implementing entity of the project. Xinneng Xinyu's registered capital is 620 million yuan, of which the company invested 372 million yuan, accounting for 60% of the registered capital, and Xinyu Group invested 248 million yuan, accounting for 40% of the registered capital.
江苏新能(603693.SH)拟出资3.72亿元设立合资公司 推进前黄项目开发建设
Jiangsu Xinneng (603693.SH) plans to invest 372 million yuan to establish a joint venture to promote the development and construction of the Qianhuang Project
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