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Beijing Jingcheng Machinery Electric Co Ltd Class H ( (HK:0187) ) has provided an announcement.
Beijing Jingcheng Machinery Electric Co Ltd announced a potential capital increase for its wholly-owned subsidiary, Beijing Tianhai Hydrogen Energy Equipment Co., Ltd., through public tender to promote equity diversification and a market-oriented governance structure. The capital increase, which aims to raise no more than RMB300 million, will not alter the company’s consolidated financial statements as Tianhai Hydrogen will remain a controlled subsidiary. The initiative has been approved by the company’s board and supervisory committee, though uncertainties remain regarding investor interest and transaction outcomes.
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 equipment. Its subsidiary, Beijing Tianhai Hydrogen Energy Equipment Co., Ltd., is involved in hydrogen energy equipment, indicating a focus on renewable energy solutions.
Average Trading Volume: 12,619,191
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$5.78B
Learn more about 0187 stock on TipRanks’ Stock Analysis page.