Jingwu Financial News | Goldwind Science & Technology (02208) announced the sale of its wholly-owned subsidiary, Muniushan Holdings, to Atmos for 99.3 million Australian Dollar. Muniushan Holdings is engaged in the operation of wind farms.
According to the announcement, the sale includes the repayment of shareholder loans of 39.468 million Australian Dollar for Muniushan Holdings, 100% equity of Muniushan Holdings, and adjustments to the wind farm project operation and maintenance agreement signed between Goldwind International's wholly-owned subsidiary, Goldwind Tasmania, and the project company in which Muniushan Holdings holds 20% equity, regarding the guaranteed power generation clauses, and will continue to provide operation and maintenance services for the project.