Sichuan Energy Investment Development Co., Ltd. Class H (HK:1713) has released an update.
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Sichuan Energy Investment Development Co., Ltd. has entered into agreements with Xingwen Industrial Investment to form a joint venture, with a total capital of RMB 120 million, primarily focusing on distributed energy projects. The company will own a 70% stake in the venture, making it a subsidiary that will contribute to its consolidated financial statements. This strategic move does not qualify as a notifiable transaction under the Listing Rules, indicating its relatively modest scale in the company’s overall business.
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