Beijing Jingneng Divests 40% of Australian Arm

Beijing Jingneng Clean Energy Co., Ltd. Class H (HK:0579) has released an update.

Beijing Jingneng Clean Energy Co., Limited has announced the sale of a 40% stake in its Australian subsidiary, BJCE Australia, based on a profit forecast using the discounted cash flow method. The valuation considers various assumptions about the company’s operations, market conditions, and regulatory environment remaining stable. Deloitte Touche Tohmatsu has reviewed the financial projections, affirming their compilation in accordance with the directors’ assumptions.

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