Summary by Moomoo AI
Datang Renew announced on September 11, 2024 that it has signed a capital increase agreement with its wholly-owned subsidiaries Datang Renew Hong Kong and Datang Shandong to jointly increase its capital by 165.3 million yuan to support the photovoltaic project at Datang Shouguang base. After this capital increase, the equity ratios of Datang Renew and Datang Renew Hong Kong in Datang Shouguang will remain at 20% and 50% respectively. The capital increase agreement is in compliance with the declaration and announcement requirements of Chapter 14A of the Listing Rules, but is exempt from the requirement of independent shareholder approval. This capital increase aims to enhance the group's development efficiency in the Shandong region and is in line with the national goal of "carbon peak and carbon neutrality", which will contribute to promoting the high-quality development of the company.
