Sichuan Energy Investment Development Co., Ltd. Class H (HK:1713) has released an update.
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Sichan Energy Investment Development Co., Ltd. has announced a connected transaction involving its subsidiary, Gong County Electricity, and contractors Sichuan Energy Investment Development Construction and Sichuan Tuolang for the provision of EPC services. The contract, valued at approximately 7.94 million RMB, will fund the construction of rural power grid infrastructure in Gong County, with the project’s ownership transferring to the Hydropower Group upon completion. The transaction is subject to reporting and announcement obligations but does not require independent shareholder approval.
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