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SFSY ENERGY (00750.HK) has entered into an investment agreement with CHINA CINDA.
SFSY ENERGY (00750.HK) announced that on December 16, 2024, CHINA CINDA and HING YIP HLDGS (a wholly-owned subsidiary of the company) entered into an investment agreement, under which the parties have agreed to conduct a sale, restructuring, and capital assumption. Through the sale (as further investment made by CHINA CINDA into the group), CHINA CINDA will indirectly acquire 40.05% of the 48% equity stake in SFSY CLEAN ENERGY that the group will inject into the investment company (which amounts to a 19.2% actual interest).
Express News | China Shuifa Singyes Energy-Capital Commitments of RMB158.3 Mln & RMB63.3 Mln in Xinxing New Energy (Guangdong) Investment Co by Unit & China Cinda
Express News | China Shuifa Singyes Energy - China Cinda to Indirectly Acquire 40.05% of 48% of Stake in Shuifa Clean Energy