Xin Wanda: subsidiary Xin Power to increase capital and shares

Fanfei News Agency, June 13 (Xinhua)-- Xinwangda announced, agree to Lu Hai New Channel, Hainan couplet Jun, Mei Zhu Meipeng, Hantu Investment, Xi Yue vertical and horizontal, Shenzhen Yun he, Zaozhuang Yaoshun, CICC Xiexin, Green Ruiheyi, Shenzhen small and medium-sized Tan respectively take their cash loan debt rights to Xin Power as capital contribution, acquire Xin Power's equity. The company and Xin Power's existing shareholders waive their pre-emptive subscription rights. After the completion of this transaction, Xin Power's registered capital will increase to 8.536 billion yuan.