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CGN Power Co ( (HK:1816) ) has issued an update.
CGN Power Co., Ltd. announced the acquisition of 100% equity interest in Taishan No. 2 Nuclear Power from its controlling shareholder, CGN, for approximately RMB 1.2 billion. This acquisition will make Taishan No. 2 a wholly-owned subsidiary of CGN Power, whose financial results will be consolidated into CGN Power’s financial statements, potentially enhancing the company’s market positioning and operational scale in the nuclear energy industry.
More about CGN Power Co
CGN Power Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, primarily operating in the nuclear power industry. The company focuses on the development, construction, and operation of nuclear power plants, and is a leading player in the Chinese nuclear energy sector.
YTD Price Performance: -0.05%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $24.17B
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