Brief: Tesson Holdings Says Unit Recently Considered To Raise Its Registered Capital

Tesson Holdings

10/10/2022 16:10

Oct 10 (Reuters) - Tesson Holdings Ltd  1201.HK :
    * UNIT RECENTLY CONSIDERED TO RAISE ITS REGISTERED CAPITAL
BY
ABOUT RMB600 MILLION
    * ALL CAPITAL INJECTED BY NANFANG BLACK SESAME WILL BE USED
TO
FUND CONSTRUCTION COSTS OF 2 DEVELOPMENT PROJECTS
    * CO'S SHAREHOLDING IN TESSON NEW ENERGY WILL DECREASE FROM
68.8%
TO ABOUT 31.3%
    * AFTER CAPITAL INCREASE, TESSON NEW ENERGY WILL BECOME AN
ASSOCIATED COMPANY OF CO
    * EXPECTS TO RECORD A GAIN OF ABOUT HK$12.5 MILLION DUE TO
CAPITAL
INCREASE
    * ALL CAPITAL INJECTED BY NANFANG BLACK SESAME WILL BE USED
TO
FUND ENERGY STORAGE LITHIUM ION BATTERY BUSINESS OF TESSON NEW
ENERGY
    * APPLICATION WILL BE MADE TO STOCK EXCHANGE FOR RESUMPTION
OF
TRADING IN SHARES OF CO WEF 9 AM ON 11 OCT

Source text for Eikon:  ID:nHKS2bbG8Y 
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