Brief: CGN Power Says Progress Of Capital Increase In Associate By Subsidiary

CGN Power

18/10/2023 11:28

Oct 18 (Reuters) - CGN Power  003816.SZ :
    * PROGRESS OF CAPITAL INCREASE IN ASSOCIATE BY SUBSIDIARY
    * CHINA NUCLEAR POWER ENGINEERING, AMONG OTHERS WILL
INCREASE
CAPITAL IN CGN FINANCE BY CASH IN PROPORTION TO RESPECTIVE
SHAREHOLDINGS
    * UPON COMPLETION REGISTERED CAPITAL OF CGN FINANCE WILL BE
INCREASED FROM RMB3.0 BILLION TO RMB5.0 BILLION
    * IN PARTICULAR, CGN ENGINEERING WILL PAY RMB600 MILLION OUT
OF
ITS OWN FUND
    * CGN ENGINEERING WILL CONTINUE TO DIRECTLY HOLD AN
AGGREGATE OF
30% EQUITY INTEREST IN CGN FINANCE

Further company coverage:  003816.SZ 

 ((Reuters.Briefs@thomsonreuters.com;))