Qibin Group: Intends to increase capital of RMB 500 million to wholly-owned subsidiary!

Digital Building Materials DataBM. Com reported on February 14 that Qibin Group intends to increase the registered capital of Zhangzhou Qibin Photovoltaic New Energy Technology Co., Ltd. by 500 million RMB, and the registered capital of Zhangzhou Photovoltaic Co., Ltd. will increase from 500 million RMB to 1 billion RMB.

Zhangzhou Photovoltaic is a wholly-owned subsidiary of Hunan Qibin Solar Energy Technology Co., Ltd., a wholly-owned subsidiary of Qibin Group. According to the company's strategic plan, the company has invested in the construction of two photovoltaic glass production lines in Zhangzhou, and the current project construction is in progress. In order to meet the capital needs of Zhangzhou PV production line construction and operation development and maintain its reasonable asset-liability structure, Qibin Solar, a wholly-owned subsidiary of the Company, intends to use its own capital of RMB500 million to increase the capital of Zhangzhou PV.