ND Power Injects 750 Million Yuan to Expand New Energy Business

ND Power: Injecting 750 million yuan to expand new energy business

Recently, ND Power plans to inject capital into two subsidiary companies. Among them, it will inject 200 million yuan into Jiayuguan ND Power, increasing its registered capital from 100 million yuan to 300 million yuan, and the company will still hold 100% equity of Jiayuguan ND Power. It will also inject 550 million yuan into ND Huatuo New Energy, increasing its registered capital by 26.19 million yuan, with the remaining 524 million yuan being included in the capital reserve. The company will hold 71.11% equity of ND Huatuo, and after the capital injection is completed, it will have 100% equity of ND Huatuo.