(RTTNews) – Wayon Energy Technology Co., Ltd., a non-wholly-owned subsidiary of Wasion Holdings Limited, entered into a capital increase agreement with Boyu Capital Investment Limited. Under the agreement, Boyu Capital will subscribe for about 48.81 million new shares in Wayon Energy, representing approximately 8% of its enlarged share capital, for a total consideration of RMB 380 million, Wasion said in a statement.
The company stated that Boyu Capital’s investment in Wayon Energy will strengthen the Group’s capital strength and industrial resources.
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