China Resources Cement Forms New Energy Partnership

China Resources Cement Holdings (HK:1313) has released an update.

China Resources Cement Holdings has entered into a new three-year Framework Agreement with CR Power to collaborate on Integrated Energy Projects, starting January 2025. The deal involves the installation of photovoltaic power facilities and the development of energy storage solutions, with an annual cap of RMB130 million. This agreement is subject to reporting and announcement requirements but doesn’t require independent shareholder approval.

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