Sichuan Energy Investment Development Co., Ltd. Class H ( (HK:1713) ) has issued an announcement.
Sichuan Energy Investment Development Co., Ltd. announced a connected transaction involving the disposal of approximately 49.0% equity interests in Pingshan Jinping. This transaction, valued at RMB12,020,572.63, involves Pingshan Electricity, a wholly-owned subsidiary of the company, selling its entire shareholding in Pingshan Jinping to Jinjiao Real Estate Development. The transaction is subject to certain reporting and announcement requirements under the Hong Kong Stock Exchange Listing Rules but is exempt from the need for circular and independent shareholders’ approval. This strategic move will result in the company no longer holding any equity interest in Pingshan Jinping, potentially impacting its investment portfolio and operational focus.
More about Sichuan Energy Investment Development Co., Ltd. Class H
Sichuan Energy Investment Development Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the energy sector. The company is involved in energy investment and development, focusing on electricity generation and related services.
Average Trading Volume: 1,800
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €283.5M
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