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FOX ESS has secured approval for its initial public offer (IPO) application of the SZSE. The Solar and Energy Storage Company is planning to spend up to 90 million A-Shares on the Chinext board, supported by Guotai Haitong Securities, in an attempt to collect more than CNY 1.6 billion. The inverter and battery specialist, which was founded in September 2019, said it will use the proceeds to finance the construction of an intelligent industrial park for energy storage, an R&D center and a marketing and technical support network.
Hangzhou Gold electronics Said that it also obtained approval for his IPO application on the SSE Chinext board and intends to spend up to 120 million A-Shares not to increase more than CNY 850 million. The company, founded in 1998, specializes in BMS modules for energy storage, backup power and electric vehicles and has been extended to integrated control units and data services. It was first in the top 10 of the top 10 of BMS companies in China in 2023, according to a white paper from 2024 of the China Energy Storage Alliance (CNESA).
Jinkosolar Said that the subsidiary of Jinko Power eight operational distributed solar projects in the province of Zhejiang of Zhejiang of China will sell to the China building bench for CNY 287 million. The roof systems have a combined grid-connected capacity of 76.55 MW. Jinkosolar said that the deal is expected to generate a profit equal to 10% to 20% of the most recent controlled annual income.
Js -machine has announced a CNY 150 million capital injection in runergy via a full subsidiary, structured as a debt-equity swap. The deal depends on Runergy who first pays back CNY 150 million In outstanding debts due by her subsidiary. JS Machine described the transaction as a typical example of a debt-equity swap.
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