HYBRID KINETIC (01188.HK): injects RMB 2.1m for 52.381% of Hengwan
On 10 November 2026, HYBRID KINETIC (01188.HK) injected RMB 2,095,240 into Hengwan for 52.381%, making it a subsidiary on 2 November; shares stay suspended.
Key Highlights:
- Hengwan's registered capital drops from RMB 210 million to RMB 4 million, with Hengsheng diluted from 100% to about 47.619%.
- Hengwan became a subsidiary on 2 November 2026 and the capital reduction is still under way.
NewTimeSpace News: On 10 November 2026, Hybrid Kinetic Group Limited (stock code: 01188) said it signed a capital increase and reduction agreement on 9 October 2026 with Hengwan and Hengsheng New Energy (Anhui) Co., Ltd., injecting RMB 2,095,240 in cash into Hengwan from internal resources. On completion, the company and Hengsheng will hold about 52.381% and 47.619% of Hengwan, whose registered capital will fall from RMB 210 million to RMB 4 million.
Hengwan became a subsidiary on 2 November 2026 and is undergoing the capital reduction. The company said the partnership will let it draw on Hengwan's production capacity, new energy technology and compliance base to speed up its expansion in energy storage and power battery.
