Suntech Corporation: Wholly-owned subsidiary plans to increase capital, expand shares, and introduce new investors.

date
29/04/2025
Suntech Corporation Announcement: The company's wholly-owned subsidiary Beijing Suntech New Energy Investment Co., Ltd. plans to increase capital and expand shares, introducing Beijing Suntech Zhongcheng Enterprise Management Development Center and Shanghai Zhuque Fengyu Investment Co., Ltd. The investment parties are planning to contribute a total of 90 million yuan, with Suntech Corporation increasing capital by 30 million yuan, Suntech Zhongcheng by 40 million yuan, and Zhuque Fengyu by 20 million yuan. After the capital increase is completed, Suntech Investment's registered capital will increase to 200 million yuan, with Suntech Corporation's shareholding ratio decreasing to 70%. Suntech Zhongcheng is a limited partnership jointly established by the company's directors and senior management, constituting related-party transactions but not a significant asset restructuring.