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According to Huitian Thermal Power's announcement, the company plans to invest 200 million yuan of its own capital to establish a wholly-owned subsidiary, Huitian New Energy Co., Ltd., as the implementing entity of the Faku 200MW wind power project, and the company will hold 100% of the subsidiary's shares. The matter of establishing a wholly-owned subsidiary has yet to be submitted to the company's shareholders' meeting for consideration, and only after approval can it go through related formalities such as industrial and commercial registration. This investment does not constitute a related transaction or major asset restructuring.
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According to Huitian Thermal Power's announcement, the company plans to invest 200 million yuan of its own capital to establish a wholly-owned subsidiary, Huitian New Energy Co., Ltd., as the implementing entity of the Faku 200MW wind power project, and the company will hold 100% of the subsidiary's shares. The matter of establishing a wholly-owned subsidiary has yet to be submitted to the company's shareholders' meeting for consideration, and only after approval can it go through related formalities such as industrial and commercial registration. This investment does not constitute a related transaction or major asset restructuring.
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