SHE:002430

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Hangzhou Oxygen Plant Group to Invest 50 Million Yuan in Nuclear Fusion Startup

Hangzhou Oxygen Plant Group (SHE:002430) will invest 50 million yuan in a funding round for a 0.66% stake in controllable nuclear fusion technology startup Shanghai Singularity Energy Technology, according to a Thursday filing with the Shenzhen bourse.The investment will allow Hangzhou Oxygen to take part in the controlled nuclear fusion industry through its cryogenic equipment, which could help cover Singularity Energy's helium refrigeration cycle for fusion devices.

SHE:002430

Asia107d ago

Hangzhou Oxygen Plant Changes Name

Hangzhou Oxygen Plant (SHE:002430) said a partnership fund will change its name, as well as its general partner and executive partner, according to a Tuesday disclosure on the Shenzhen bourse.The Hangzhou Guoling Yuanqi Venture Capital Partnership (Limited Partnership) will be renamed Hangzhou Guoling Green and Low-Carbon Venture Capital Partnership (Limited Partnership).The general partners will be changed to Hangzhou Guoshun Equity Investment and Hangzhou Lingshang Zhiguang Sci-Tech Innovation Development from Hangzhou Guoyou Huitong Enterprise Management and Hangzhou Lingshang Zhiguang Sci-Tech Innovation Development.The executive partner will also be changed to Guoshun Investment from Guoyou Huitong.

SHE:002430

Asia114d ago

Hangzhou Oxygen Plant Lowers Bond Conversion Price

Hangzhou Oxygen Plant (SHE:002430) lowered the conversion price of its Hangyang convertible bond to 25.67 yuan per share from 25.97 yuan per share, effective June 9.The adjustment follows the company's 2025 profit distribution plan, which pays a cash dividend of 3.00 yuan per 10 shares, according to a Tuesday filing with the Shenzhen bourse.Shares of the industrial gas manufacturer closed 1% higher Tuesday.

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