CHINA RISUN GP: Introducing Agricultural Bank of China Investment to increase capital for Dingzhou Tianlu by 450 million yuan
CHINA RISUN GP announced that Tianlu New Energy Co., Ltd. in Dingzhou has introduced Agricultural Bank of China Investment for a RMB 450 million capital increase to respond to the requirements of China's supply-side reform policy and promote the sustainable development of the group's business. After the capital increase, Hebei Xuyang Energy, China Construction Bank Investment, and Agricultural Bank of China Investment hold equity stakes in Tianlu Dingzhou at proportions of 50.0002%, 26.8050%, and 23.1948% respectively. Tianlu Dingzhou will continue to be a subsidiary of the company, and the group still retains actual control over the company
According to the news from Zhitong Finance and Economics APP, CHINA RISUN GP (01907) announced that in response to the policy requirements of China's supply-side structural reform "three reductions, one cut, and one supplement", and to steadfastly promote the sustainable development of the group's business, its subsidiary Dingzhou Tianlu New Energy Co., Ltd. (Dingzhou Tianlu) introduced Agricultural Bank Financial Asset Investment Co., Ltd. (AgBank Investment) to inject RMB 450 million in capital on July 31, 2024.
Currently, Dingzhou Tianlu is held by the group's subsidiary Hebei Xuyang Energy Co., Ltd. (Hebei Xuyang Energy) and China Construction Bank Financial Asset Investment Co., Ltd. (CCB Investment) with 65.10% and 34.90% equity respectively. After this capital injection, Hebei Xuyang Energy, CCB Investment, and AgBank Investment will hold 50.0002%, 26.8050%, and 23.1948% equity in Dingzhou Tianlu respectively. Dingzhou Tianlu will continue to be a subsidiary of the group, and the group still retains actual control over the company
