Shanghai Petrochemical: Wholly-owned subsidiary Inner Mongolia Xinjinshan Carbon Fiber Co., Ltd. completes capital increase and equity expansion with introduction of strategic investor

2026-03-13 08:54:17

Shanghai Petrochemical announced that by March 13, 2026, its wholly owned subsidiary Inner Mongolia Xinjinshan Carbon Fiber Co., Ltd. has received a total of 600 million yuan in capital contributions from Sinopec, Wushenqi State-owned Capital Investment Group Co., Ltd., Dongfang Electric Wind Power Co., Ltd., and CCB Financial Asset Investment Co., Ltd., in accordance with the agreement. The capital increase and related-party transaction have been completed.

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