VPower Group International Holdings Limited (HK:1608) has released an update.
VPower Group International Holdings Limited has finalized substantial asset disposal and connected transactions with CNTIC, including the sale of power generation equipment batches for a total exceeding RMB 1.6 billion. Concurrently, VPower has entered into leasing and EPC service framework agreements with CNTIC, allowing for the continued use of sold assets and provision of engineering services. These strategic moves, subject to independent shareholder approval, aim to optimize the management of the company’s transactions and meet CNTIC’s demand for equipment and related services.
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