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Wuhan Kaidi Electric Power Co Ltd to Sell Stakes in Power Stations

Thursday, 5 Sep 2013 08:00pm EDT 

Wuhan Kaidi Electric Power Co Ltd announced that it will sell a 100% stake in three power stations in Suqian, Wanzai and Wangjiang, as well as a 51% stake in two power stations in Wuhe and Tongcheng, to its top shareholder. This is because the Company agreed with its top shareholder when the Company acquired the stakes in the five power stations that if any power station could not make profit as expected, the top shareholder will purchase back these power stations. 

Company Quote

0.13 +1.00%
26 Jan 2015