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XINYI ENERGY Solar Power Plant Spin-off Listing Application Accepted by SZSE
2026-09-28 09:44:32 XINYI ENERGY (03868.HK) and XINYI SOLAR (00968.HK) announced that, in relation to the possible spin-off and separate listing of XYE New Energy Fund on the Shenzhen Stock Exchange, the fund manager Shanghai Guotai Haitong Securities Asset Management submitted the China listing application to the CSRC and the Shenzhen Stock Exchange on 21 September 2026. The Shenzhen Stock Exchange confirmed and accepted the application on 24 September. The fund is expected to raise approximately RMB1.62 billion through a public offering in China, while XINYI ENERGY plans to subscribe for 40% of the units to be offered through a wholly owned subsidiary as a strategic investor. The spin-off assets include Wuhu Xinyi Renewable Energy and Lu’an Xinyi Renewable Energy, both wholly owned subsidiaries of XINYI ENERGY. The two companies mainly hold a 100MW large-scale ground-mounted centralized solar photovoltaic power station in Sanshan Economic Development Zone, Yijiang District, Wuhu City, Anhui Province, and a 150MW large-scale ground-mounted centralized solar photovoltaic power station in Jinzhai County, Lu'an City, Anhui Province. XINYI ENERGY said the spin-off will unlock the economic value of the two solar power plant projects operating under the feed-in tariff regime, while also enabling the XINYI ENERGY group to obtain recurring fee income from operation and management services provided to the manager. ~ AASTOCKS Financial News Website: www.aastocks.com | |