China Longyuan Power Plans Major Acquisition in Energy Sector

China Longyuan Power Group (HK:0916) has released an update.

China Longyuan Power Group has announced its intention to acquire equity interests in eight target companies from CHN Energy for a total of RMB1,685.7 million, subject to adjustments. This strategic move is part of a broader plan to integrate CHN Energy’s wind power business into Longyuan Power. The acquisition is expected to enhance Longyuan’s market position in the renewable energy sector.

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