PER ENERGY (02798.HK): completes capital injection into Guizhou coal firm, indirectly holds 51%

NewTimeSpace News: According to the HKEX on October 29, Perennial Energy Holdings Limited ("Per Energy", 02798.HK) announced that all conditions precedent under the capital increase agreement have been fulfilled, and completion of the capital injection into Guizhou Huaneng Jiayuan Coal Co., Ltd. (the target company) took place on October 29, 2026. The capital increase was carried out through its indirect wholly-owned subsidiary Guizhou Perennial Energy Development Co., Ltd.

According to the announcement, upon completion, Panzhou Hengding, Guizhou Tianjian, Guizhou Zhonghang and Perennial Energy Development will hold approximately 20.63%, 14.65%, 13.72% and 51.00% of the target company respectively. Accordingly, the company will indirectly hold 51.00% of the target company, which will become a non-wholly-owned subsidiary with its financial results consolidated into the Group's financial statements. The coal resources of the Xiejiahegou Coal Mine and Youyi Coal Mine will be integrated.