HKG:2399

2 stories mentioning HKG:2399Updated 38d ago

Every FINWIRES story that references HKG:2399, newest first.

China Anchu Energy Storage Seeks Shareholder Nod to Boost Authorized Share Capital

China Anchu Energy Storage Group (HKG:2399) plans to seek shareholder approval for an increase in its authorized share capital to HK$20 million, divided into 8 billion shares, from HK$10 million, divided into 4 billion shares, according to a Monday Hong Kong bourse filing.The industrial products firm will do this by creating an additional 4 billion unissued shares.The firm said the move will give it greater flexibility in fundraising and promoting future business growth.

HKG:2399

Asia63d ago

China Anchu Energy Enters Cooperation MoU for Japan Energy Storage Projects

China Anchu Energy Storage Group (HKG:2399) entered into a non-legally binding MoU with RelyEZ Energy Storage Technology to cooperate in various energy storage projects in Japan, according to a Thursday Hong Kong bourse filing.The cooperation will encompass the investment, development, management, and operation of the projects.The parties will explore various ways to boost the value of the projects, including the securitization of underlying assets.The companies are expected to enter into formal agreements regarding the cooperation following negotiations.

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