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CGN New Energy Sells Subsidiary Nantong Meiya for RMB475 Million
CGN NEW ENERGY (01811): Meiya Electric has entered into an Equity Transfer agreement with Nantong Nengda Construction Investment.
CGN NEW ENERGY (01811) announced that on March 10, 2025, Meiya Elec...
CGN NEW ENERGY (01811.HK) plans to sell its stake in Nantong Meiya for 0.475 billion yuan, focusing on core Business in clean energy.
On March 10, Gelonghui reported that CGN NEW ENERGY (01811.HK) announced the planned sale of all the shares held by Meiya Electric, a wholly-owned subsidiary in Nantong, through the public tender process on the Shanghai Stock Exchange. On March 10, 2025, Meiya Electric entered into an Equity Transfer Agreement with the buyer, whereby Meiya Electric conditionally agreed to sell and the buyer conditionally agreed to purchase the sales rights for the price of 0.475 billion yuan in Cash.
Express News | CGN New Energy - Meiya Electric to Sell Entire Stake in Nantong Meiya for RMB475 Mln
CGN New Energy Logs 1.8% Increase in February Output
CGN NEW ENERGY (01811.HK) completed a power generation of 1,478.3 GWh in February, an increase of 1.8% year-on-year.
On March 10, Gelonghui reported that CGN NEW ENERGY (01811.HK) announced that according to the company's preliminary Statistics, in February 2025, the group completed a power generation of 1,478.3 gigawatt-hours based on consolidated statements, an increase of 1.8% compared to 2024. Among them, wind power projects in China decreased by 14.1%, CECEP Solar Energy projects increased by 20.4%, combined heat and power and gas projects in China decreased by 27.2%, hydropower projects in China decreased by 3.4%, and projects in South Korea increased by 38.8%. As of February 28, 2025, the group has accumulated a power generation of 3,005.9 gigawatt-hours this year.
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