According to the Zhitong Finance App, Wanneng Electric Power (000543.SZ) announced that in order to enhance the overall competitiveness of the new energy sector and promote the development and implementation of new energy projects in the Xinjiang region, the company plans to acquire 51% of the shares of Wanneng Xinjiang Energy Investment Co., Ltd. (hereinafter referred to as “Xinjiang Company” or “Target Company”) for RMB 1 in cash. Prior to this transaction, the controlling shareholder of the company, Anhui Energy Group Co., Ltd. (hereinafter referred to as the “Group Company”) held 100% of the shares in the Xinjiang company; after the transaction was completed, the company held 51% of the shares in the Xinjiang company, and the group company held 49% of the shares.
The registered capital of the target company is RMB 2 billion. Shareholders have not paid their contributions as of the date of disclosure of this announcement. After the acquisition was completed, the company inherited the target company's actual investment obligation according to the 51% shareholding ratio, with a corresponding investment amount of RMB 102 million, which was paid in installments to the target company according to the project arrangement; the group company continued to fulfill the corresponding paid-in capital obligation according to the 49% shareholding ratio. This paid-in capital does not constitute a capital increase for the target company. The registered capital of the target company is still 2 billion yuan, and there is no need to register a change in registered capital.
This time, the company transferred 51% of the shares of the Xinjiang company and undertook corresponding actual payment obligations, making the Xinjiang company a holding subsidiary of the company and placing the group company's new energy development carrier in the Xinjiang region under the control of the listed company. This is a concrete step for the controlling shareholder to implement arrangements to avoid interbank competition, and helps reduce potential conflicts of interest between the company and the group company in the field of new energy.