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Zhongheng Electric: Controlling shareholder Zhongheng Technology Investment plans to accept Ningde Times' capital increase
Zhongheng Electric announced that, in order to facilitate the realization of strategic cooperation between the company and Ningde Amperex Technology Co., Limited, the company’s controlling shareholder, Hangzhou Zhongheng Technology Investment Co., Ltd., plans to accept a capital increase from Ningde Amperex Technology Co., Limited. Ningde Amperex Technology Co., Limited intends to subscribe for an additional registered capital of RMB 144.118 million of Hangzhou Zhongheng Technology Investment Co., Ltd. for RMB 4.1 billion, with the contribution methods being cash and equity.