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China Longyuan Power Group Corp Ltd to Acquire Equity Shares from GD Power Development Co., Ltd


Wednesday, 19 Sep 2012 05:04am EDT 

China Longyuan Power Group Corp Ltd (Longyuan Power) announces that on 19 September 2012, Longyuan Power entered into an equity transfer agreement with GD Power Development Co., Ltd (GDPD), pursuant to which it will acquire 20% of equity interests in Zhong Neng PowerTech Development Co., Ltd. (Zhong Neng) from GDPD, and will pay a sum of RMB 36,469,700 as consideration to GDPD. Upon the completion of the acquisition, Zhong Neng will become a wholly-owned subsidiary of Longyuan Power. 

Company Quote

2.2
0.01 +0.46%
11 Jul 2014