E-Power's Guizhou Joint Venture Receives RMB 110 Million of RMB 200 Million Capital Increase at RMB 2.0 Billion Post-Money Valuation
E-Power announced that its Sunrise Guizhou joint venture received RMB 110 million, approximately US$16.5 million, of a RMB 200 million capital increase subscribed by Jieshou Xinyang Zhanxin Equity Investment Fund Partnership.
Why it matters — The capital increase provides an update on funding received by E-Power’s joint venture.