On the evening of May 20, Liansheng Technology issued an announcement stating that its controlled indirect subsidiary—Meishan Liansheng Photovoltaic Technology Co., Ltd.—plans to introduce Suzhou Maxwell Technologies Co., Ltd. as a strategic investor through a capital increase and share expansion. Maxwell Technologies will inject 90 million yuan in cash into Meishan Liansheng, and upon completion of this capital increase, it will hold a 4% equity stake in the latter.
According to the specific transaction plan disclosed, the price of this capital increase is set at 2.12 yuan per unit of registered capital. Out of the 90 million yuan capital injection, 42.525 million yuan will be credited to the registered capital, while the remaining 47.475 million yuan will be allocated to the capital reserve.
Following the completion of this transaction, the registered capital of Meishan Liansheng will increase from 1.02 billion yuan to 1.06 billion yuan. Furthermore, Tianjin Liansheng's shareholding in Meishan Liansheng will decrease from 88.18% to 84.66%, yet Meishan Liansheng will remain a controlled indirect subsidiary within the scope of the company's consolidated financial statements.
Image source: Company Announcement
Liansheng Technology stated that Meishan Liansheng's proposed capital increase and share expansion to introduce an investor will help enhance its capital strength and further consolidate the company's strategic layout in the ultra-high-efficiency heterojunction sector.
This capital increase proposal was unanimously reviewed and approved at the ninth meeting of the Seventh Board of Directors of the company on May 20, 2026, and it is currently pending submission to the company's general meeting of shareholders for final review.
Source：EnergyTrend