To Be 1.215 Billion Yuan! Baichuan High-Tech’s Subsidiary to Increase Its Capital

PVTIME – On February 10, Jiangsu Baichuan High-tech New Materials Co.,Ltd. (002455.SZ) announced that its subsidiary Jiangsu Higee Energy Co., Ltd signed Investment Agreement and Capital Increase Agreement with Ming Yang Smart Energy Group Limited and Shanghai Shenglian Cultural Investment Trading Partnership (Limited Partnership).

In the announcement, Jiangsu Higee Energy plans to increase the capital and share and introduce new shareholders to optimize the company’s structure and further develop its new energy business. The registered capital of  Jiangsu Higee Energy is expected to be increased from 950 million yuan to 1.215 billion yuan as new sharesholders Ming Yang Smart Energy Group and Shanghai Shenglian to be introduced, and the details are as follows:

Jiangsu Higee Energy is a company mainly focuses on the R&D, production, sales and service of lithium-ion batteries, battery packs and systems. The products cover various material systems such as lithium iron phosphate and ternary, and have a variety of specifications and models of square aluminum shell battery products.