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Triumph New Energy's Strategic Acquisition of Jiangsu Triumph
Triumph New Energy Revamps Board and Committees
Triumph New Energy Approves Director Appointments
TRIUMPH NEW EN (01108.HK) acquired 74.60% equity of Jiangsu TRIUMPH NEW MATERIALS through capital increase.
On December 30, GELONGHUI reported that TRIUMPH NEW EN (01108.HK) announced that on December 30, 2024, the company entered into a capital increase agreement with Suqian Development, Cixi New Energy, and Shuyang Trading (each serving as the original Shareholder of Jiangsu Kaisheng). According to this agreement, the parties conditionally agree to (i) inject a total of 373,000,000 yuan in Cash into Jiangsu Kaisheng to subscribe for the newly added registered capital of Jiangsu Kaisheng amounting to 373,000,000 yuan; and (ii) Suqian Development (as the original Shareholder of Jiangsu Kaisheng) will inject an additional 12 million yuan in Cash into Jiangsu Kaisheng.
Express News | Triumph New Energy - Acquisition of 74.60% of Equity Interest in Jiangsu Triumph New Material
TRIUMPH NEW EN (600876.SH): plans to invest 0.373 billion yuan to increase capital for Jiangsu TRIUMPH.
On December 30, Gelonghui reported that TRIUMPH NEW EN (600876.SH) announced the further optimization and improvement of its New Materials Business layout. The company aims to promote rapid development of its main business through mergers and acquisitions, thus consolidating and enhancing its position in the Industry and market competitiveness. On December 30, 2024, the company signed the "Capital Increase Agreement for Jiangsu TRIUMPH New Materials Co., Ltd." with Suqian Canal Port Development Group Co., Ltd. (hereinafter referred to as "Suqian Port"), Cixi Guangnian New Energy Technology Co., Ltd. (hereinafter referred to as "Cixi Guangnian"), and Shuyang Jingze Electronic Trading Co., Ltd. (hereinafter referred to as "Shuyang Jingze").
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104054975 : there are rooms to increase to $10
104054975 : ramping up now