Guangxi Energy (600310.SH) plans to increase capital by 120 million yuan in its associate company Guoneng Beihai Company.

Zhitong Finance APP News, Guangxi Energy (600310.SH) has announced that its associate company, Guoneng Guangtou Beihai Power Generation Co., Ltd. (referred to as "Guoneng Beihai Company"), is primarily engaged in the production and supply of electricity and heat. To meet the funding requirements for the development of the Phase II expansion project of the power plant and ensure the orderly progress of various projects, Guoneng Beihai Company plans to increase its registered capital from 2.72 billion yuan to 3.12 billion yuan, with existing shareholders subscribing in proportion to their equity holdings, all contributing in cash. The company holds a 30% stake in Guoneng Beihai Company and, based on its shareholding ratio, intends to contribute 120 million yuan. After the completion of this capital increase, the company's shareholding ratio will remain unchanged, and it will continue to be an associate shareholder of Guoneng Beihai Company.