BAIC BluePark subsidiary completes 8.15 billion yuan capital increase plan

BAIC BluePark announced that its subsidiary BAIC New Energy successfully introduced 11 strategic investors including Beijing State-owned Capital Operation Management Co., Ltd. and signed a capital increase agreement, which raised a total of 8.15 billion yuan in capital increase. After this capital increase, BAIC BluePark is still the controlling shareholder of BAIC New Energy, but the shareholding ratio has dropped from 99.99% to 71.69%.