Shanghai Electric Group Company Limited(601727) announced that the holding subsidiary Suzhou Thvow Technology Co.Ltd(002564) of the company plans to issue shares to the company to purchase 100% equity of Shanghai Boiler Plant held by the company, and raise supporting funds from Shanghai Lixin Industrial Co., Ltd., a subsidiary of the controlling shareholder of the company. The total amount of supporting funds raised shall not exceed 959790309.12 yuan, and the scale of fund-raising shall not exceed 100% of the total amount of assets purchased by issuing shares this time. Suzhou Thvow Technology Co.Ltd(002564) after deducting intermediary expenses, the supporting funds raised by this non-public offering of shares are intended to be used for the construction of the target company’s project, supplement Suzhou Thvow Technology Co.Ltd(002564) working capital, repay debts and other purposes.
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