
XINTE ENERGY's subsidiary receives an investment increase of 35 million RMB from Tianchi Energy
XINTE ENERGY (01799.HK) announced a related transaction, with Tianchi Energy increasing its investment in its subsidiary Xinjiang Silicon-based New Materials by RMB 35 million. Upon completion, Tianchi Energy will hold a 39% stake in Xinjiang Silicon-based New Materials; the company's shareholding will be diluted from 100% to 61%. The increased capital is intended for research and innovation expenditures in silicon-based materials and related industrial chains
