Oriental Energy Co.Ltd(002221) announced that Oriental Energy Co.Ltd(002221) (Ningbo) new materials Co., Ltd., a wholly-owned subsidiary of the company, plans to introduce ABC Financial Asset Investment Co., Ltd. (representing ABC investment - Ningbo new material bond to equity investment plan), Bank of communications Financial Asset Investment Co., Ltd. and CCB Financial Asset Investment Co., Ltd. to increase capital by 800 million yuan, 700 million yuan and 500 million yuan respectively in cash. The capital increase funds are mainly used to repay the creditor's rights formed by the bank's loans, and other types of creditor's rights shall be given due consideration. After the capital increase, the company remains the controlling shareholder of Ningbo new materials and has the actual control over Ningbo new materials.
(China Securities Network)
