Funeng Oriental Equipment Technology (300173.SZ) issued an announcement to further extend the New energy Fund Industry Chain, seizing the opportunities in the national energy structure...
According to Zhitong Finance APP news, Funeng Oriental Equipment Technology (300173.SZ) announced that to further extend the New energy Fund Industry Chain and seize the development opportunities under the transformation of the national energy structure, the company, along with its controlling shareholder Foshan Investment Holding Group Co., Ltd. (referred to as "Foshan Holding Group") and its three subordinate enterprises Foran Energy Group Co., Ltd. (referred to as "Foran Energy"), Guangdong Huiyuan Tong Group Co., Ltd. (referred to as "Huiyuan Tong Group"), and Foshan Industrial Investment Co., Ltd. (referred to as "Foshan Industry Investment"), as well as Qingdao Eastsoft Communication Technology Co., Ltd. (referred to as "Eastsoft IoT"), jointly invested to establish Guangdong Nanfan Cloud Electric Investment Holding Co., Ltd. (temporary name, subject to final registration, referred to as "Nanfan Cloud Electric" or "joint venture company"), with a total investment amount of 0.7 billion yuan, including a registered capital of 0.1 billion yuan, and signed the Investment Cooperation Agreement on December 19, 2024. Nanfan Cloud Electric mainly invests in emerging energy industries, electrical utilities industries, and related equipment manufacturing business areas.
The company plans to invest 40 million yuan in own funds (of which 5.714286 million yuan is contributed as the registered capital for Nanfan Cloud Electric, and the remaining 34.285714 million yuan is accounted for as Nanfan Cloud Electric's capital reserve). After this Trade is completed, the company will Hold 5.7143% equity in Nanfan Cloud Electric.
Nanfan Cloud Electric mainly invests in emerging energy industries, electrical utilities industries, and related equipment manufacturing business areas. After this Trade is completed, Nanfan Cloud Electric will become a company in which the company has shares. The company is currently mainly engaged in the SSE High-End Equipment Manufacturing 60 Index, and investing in Nanfan Cloud Electric is conducive to expanding the equipment business, while also helping to further extend the New energy Fund Industry Chain, exploring layout towards downstream energy storage and power generation, and assisting the company in gradually developing from an equipment manufacturer to a comprehensive energy service provider with core competitiveness. The company's joint investment in Nanfan Cloud Electric with related parties is beneficial for the company to fully utilize the CNI Resource Index advantages of its controlling shareholder and its subordinate companies, promoting the strategic goal of strengthening the New energy Fund industry, while also reducing the company's investment risks, which is reasonable and necessary. This investment is also beneficial for other partners to expand into New energy, clean energy-related industries, promoting optimization and adjustment of the Industry Chain structure.
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