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Beijing Jingcheng Machinery Electric Co Ltd Class H ( (HK:0187) ) has shared an update.
Beijing Jingcheng Machinery Electric Co Ltd announced a capital increase for its wholly-owned subsidiary, Tianhai Hydrogen, by introducing new investors through a public tender on the China Beijing Equity Exchange. The capital increase, amounting to RMB290,000,000, will result in Tianhai Industry holding approximately 73.54% equity interest in Tianhai Hydrogen, while the investors will hold around 26.46%. This transaction is classified as a discloseable transaction under the Listing Rules, impacting the company’s equity structure but potentially strengthening its financial position and market competitiveness in the hydrogen sector.
More about Beijing Jingcheng Machinery Electric Co Ltd Class H
Beijing Jingcheng Machinery Electric Co Ltd is a joint stock company incorporated in China, focusing on machinery and electric products. The company operates in various industrial sectors, with a significant emphasis on hydrogen technology through its subsidiary Tianhai Hydrogen.
Average Trading Volume: 13,836,964
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$6.7B
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