Leascend Technology plans to boost Meishan Photovoltaic’s capital by RMB 400 million through its subsidiary Tianjin Sanwu Internet Mobile Communications. Danling Fund will contribute an additional RMB 20 million. Post-increase, Meishan’s registered capital will rise to RMB 945 million, with Tianjin Communications and Danling Fund holding 95.24% and 4.76%, respectively. This move aims to strengthen Meishan Photovoltaic’s capital, enhance market competitiveness, and seize opportunities.
Leascend Technology fuels Meishan Photovoltaic with strategic investment
Meishan Photovoltaic, formed on January 10, 2023, implements Leascend Technology’s “Phase I New Energy 8GW High-efficiency Heterojunction Cell Project. Image Credit Pexels.