New power (831892) on May 9, announcement, the company will subsidiary of tianjin new bo special cable manufacturing co., LTD., registered capital increased to 100 million yuan, the special cable manufacturing co., LTD. Tianjin new bo new registered capital of 78 million yuan, the company subscribed capital contribution of 78 million yuan, the foreign investment does not constitute a related party transactions.Company said that at present, the national grid of the ultra-high pressure and ultra-high voltage directly led to accelerate construction of ordinary wire and carbon fiber wire industry market demand, the domestic wires industry market potential is tremendous.The foreign investment will be used in the subsidiary, expand the scale of production and management, improve corporate profitability and comprehensive competitiveness.