Clou Electronics to raise up to RMB2.2 billion for energy storage projects
2021-12-30 16:13:04 [Print]
Shenzhen Clou Electronics Co., Ltd. announced on December 29 that it plans to issue shares to 35 specified subscribers including its controlling shareholder Shenzhen Capital Operation Group Co., Ltd. to raise no more than RMB2.2 billion (USD345 million). Proceeds from the private placement will be used for the company's 6GW energy storage system project, 5GW energy storage converter expansion project and other projects. Shenzhen Capital Operation Group plans to subscribe shares of up to RMB540 million (USSD84.78 million).
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