Jingneng Electric Power (600578.SH) plans to raise no more than 5 billion yuan in capital

According to the Zhitong Finance App, Jingneng Electric Power (600578.SH) disclosed plans to issue A-shares to specific targets. The distribution targets are no more than 35 specific investors that meet the requirements specified by the China Securities Regulatory Commission, including Tokyo Energy Group, the holding stock of the company. Among them, Jingneng Group plans to subscribe for no less than 1 billion yuan (including the number of shares) and no more than 2.5 billion yuan (including the number of shares). The total amount of capital to be raised is no more than 5 billion yuan (including capital). The net amount of capital raised after deducting issuance fees is proposed: Hebei Jingzhuozhou Thermal Power Expansion Project, Ulanqab Jingda 1500MW “Integrated Scenery and Fire Storage” large-scale wind power photovoltaic base project, acquisition of 40% of Shiyan Thermal Power's shares held by Jingneng Group, supplementary working capital, and debt repayment.