United States

Heavy Electrical Equipment

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Zhefu Holding plans to acquire stakes in energy service firm via share issue

Tuesday, 20 Sep 2016 11:47pm EDT

Zhefu Holding Group Co Ltd <002266.SZ> : Says it plans to acquire 49 percent stake in Zhejiang-based energy service firm for about 955.5 million yuan ($143.14 million) via share issue .Says it plans to raise up to 955.5 million yuan in private placement of shares to fund acquisition and projects.

Marsons in talks with strategic investors to overcome working capital constraints

Tuesday, 20 Sep 2016 12:51am EDT

Marsons Ltd : Eyes strategic investor; co looking to overcome working capital constraints via investments and has initiated talks with some strategic investors .

Power Grid Corp of India accords investment approval at estimated cost of 5.62 bln rupees

Friday, 16 Sep 2016 09:16am EDT

Power Grid Corporation of India Ltd : Accorded investment approval for "system strengthening in southern region - XXI" at estimated cost of INR 5.62 billion . Commissioning schedule of 30 months progressively from the date of investment approval .


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