On December 4, Gelonghui revealed that Sichuan Road & Bridge Group (600039.SH) announced that its wholly-owned subsidiary Sichuan Shudao Clean Energy Group Co., Ltd. (referred to as Clean Energy Group) plans to increase its capital and shares. The company has waived its priority subscription rights for the capital increase and Clean Energy Group will be capitalized by Sichuan Shudao Investment Group Co., Ltd. (referred to as Shudao Group), the company's controlling shareholder, through a non-public agreement using equity and mmf to increase Clean Energy Group (referred to as this capital increase, this trade, or this related party transaction). The amount of this capital increase is 6031.313 million yuan, of which 4500 million yuan is included in Clean Energy Group's registered capital and 1531.313 million yuan is included in capital reserves.
Shudao Group valued its 60% stake in Sichuan Tieneng Electric Power Development Co., Ltd. (referred to as Tieneng Electric Power) and its 70% stake in Sichuan Tietou Kangba Investment Co., Ltd. (referred to as Tietou Kangba) at 3033.8674 million yuan and mmf 2997.4456 million yuan, totaling 6031.313 million yuan to pay for this capital increase.
After this capital increase is completed, Clean Energy Group's registered capital will increase from 3000 million yuan to 7500 million yuan, with Shudao Group and the company holding 60% and 40% respectively. Shudao Group will become the controlling shareholder of Clean Energy Group, and the company will no longer include it in the scope of consolidated financial statements.
