11, Hekang Xinneng disclosed its plan to issue A-share shares to indirect controlling shareholder Mei Group, with the amount of capital raised not exceeding 1.652 billion yuan. It will invest in R & D and industrialization of photovoltaic grid-connected inverters , high-voltage inverters, household energy storage and other projects, as well as distributed photovoltaic power station construction and R & D projects.
As of the disclosure date of this plan, Midea Group indirectly holds 18.43% of the shares of Hekang Xinneng through its subsidiary Midea HVAC. After the issuance, the proportion of direct + indirect shareholding of Midea Group may exceed 30%.
Hekang Xinneng said that it would synchronously promote the capacity expansion and technological upgrading of the two core businesses of electrical equipment and new energy, and realize the strategic transformation from "photovoltaic power plant builder" to "smart energy operator".
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