Shanxi Guodian Power Co., Ltd. (601369.SH) plans to increase capital by 54.46 million euros to a Hong Kong company.

Zhtng cijng APP news, Shaanxi Guoli (601369.SH) announced that in order to complete the acquisition of 100% equity of EKOL, spol.sr.o. company, the previous wholly-owned subsidiary of the company, Shaanxi Guoli (Hong Kong) Limited (referred to as "Hong Kong company"), applied for a loan from financial institutions, with a current loan balance of 54.46 million euros. Due to the limited profitability of the Hong Kong company itself and the company's development needs, the company plans to increase the capital of the Hong Kong company by 54.46 million euros (equivalent to 448 million yuan) through its own funds to repay the loan.