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FSPG Hi-Tech to Raise Two Project Companies' Capital to Fund Separator Film Projects

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FSPG Hi-Tech (SHE:000973) plans to raise capital of two project companies controlled by its subsidiary, Hebei Gellec New Energy Technology, for the construction of two projects, according to a Shenzhen bourse filing on Friday.

The project companies, Shaoguan Gellec New Energy and Wu'an Gellec New Energy, were created to construct and manage two separator film projects, which respectively have an investment worth 3.35 billion yuan and 3.81 billion yuan.

Both Wu'an Gellec's and Shaoguan Gellec's capital will be raised by 980 million yuan each. Both of their registered capital will rise by 1 billion yuan each.

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