Gansu Energy Chemical's wholly-owned subsidiary Yao Coal Company increased the capital of its subordinate company Jinkai Company by 89.4 million yuan.

27/12/2024

GMT Eight

Gansu Energy Chemical (000552.SZ) announced that the board of directors has approved the proposal of the wholly-owned subsidiary Yaojie Coal Company to increase its capital in its subsidiary Jinkai Company. Jinkai Machinery Manufacturing Co., Ltd. of Yaojie Coal and Electricity Group Gansu is a wholly-owned subsidiary of Yaojie Coal and Electricity Group Co., Ltd. In order to enhance the capital strength of Jinkai Company, optimize its capital structure, promote Jinkai Company's application for "specialized, refined, unique, new" enterprise, promote market expansion and achieve sustainable and healthy development, Yaojie Coal Company will use its own funds to increase the capital of Jinkai Company by 89.4 million yuan. After this capital increase, the registered capital of Jinkai Company will increase from 10.6 million yuan to 100 million yuan, still serving as a wholly-owned subsidiary of Yaojie Coal and Electricity Group Co., Ltd.

On December 27th, TI Cloud (02167) spent HK$23,000 to repurchase 10,000 shares.

State Administration of Foreign Exchange: China's foreign financial assets reached 10,212.9 billion US dollars by the end of September 2024.

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Gansu Energy Chemical's wholly-owned subsidiary Yao Coal Company increased the capital of its subordinate company Jinkai Company by 89.4 million yuan.

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