Beijing Energy International Holding Co., Ltd. (HK:0686) has released an update.
Beijing Energy International Holding Co., Ltd. has announced a significant step forward in a potential acquisition deal with the payment of RMB 384 million as refundable Earnest Money to Powerchina Jiangxi. This payment, made by its subsidiary UP Changzhou, aims to secure exclusive development and operational rights for certain projects under negotiation. Investors are urged to exercise caution as the agreement may not guarantee the final acquisition.
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