Datang International Power Generation Co (HK:0991) has released an update.
Datang International Power Generation Co has announced the acquisition of a 95% equity stake in a target company from Datang Solar Energy for RMB 98,151,705. This significant expansion move will result in the target company becoming a subsidiary of Datang International. The transaction is classified as a connected transaction due to existing relationships and meets certain reporting and announcement requirements, though it does not necessitate independent shareholder approval.
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