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An update from Beijing Jingcheng Machinery Electric Co Ltd Class H ( (HK:0187) ) is now available.
Beijing Jingcheng Machinery Electric Co Ltd announced the approval of a resolution by its Supervisory Committee to introduce investors for a capital increase in its subsidiary, Beijing Tianhai Hydrogen Energy Equipment Co., Ltd. The capital increase involves eight investors and a total financing amount of RMB290 million, which will adjust the registered capital of Tianhai Hydrogen Energy and maintain its status as a controlled subsidiary. This move is expected to enhance the company’s positioning in the hydrogen energy sector and potentially impact its market operations positively.
More about Beijing Jingcheng Machinery Electric Co Ltd Class H
Beijing Jingcheng Machinery Electric Co Ltd is a joint stock company based in China, operating in the machinery and electric industry. It focuses on providing machinery and electric products and services, with a market focus that includes hydrogen energy equipment through its subsidiary, Beijing Tianhai Hydrogen Energy Equipment Co., Ltd.
Average Trading Volume: 13,836,964
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$6.7B
Learn more about 0187 stock on TipRanks’ Stock Analysis page.