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Express News | Zheneng Electric Power Says It Plans to Buy 24% Stake in Cnnp Zheneng Energy for 116.0 Mln Yuan to Invest in Nuclear Power Plant Project
Zhejiang Zheneng Electric Power (600023.SH): intends to acquire a 24% stake in China Nuclear Zhejiang Zheneng held by Zhejiang Zheneng Group.
On December 20, Gelonghui reported that Zhejiang Zheneng Electric Power (600023.SH) announced that China National Nuclear Power would establish a project company for investing, constructing, and managing the Zhejiang Jinqimen Nuclear Power Plant, which is jointly funded by China National Nuclear Power Co., Ltd. (referred to as "China National Nuclear Power"), Zhejiang Zheneng Group, Ningbo Marine Development Group Co., Ltd., Ningbo Xiangneng New Energy Co., Ltd., and Minsheng Life Insurance Co., Ltd. at a ratio of 51%, 24%, 13%, 10%, and 2%. To support the company's development, the company plans to acquire the 24% equity stake in China National Nuclear Power held by Zhejiang Zheneng Group in accordance with relevant commitments for asset injection.
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Zhejiang zheneng electric power (600023.SH): plans to participate in the capital increase of China Nuclear Huineng Co., Ltd.
Gelonghui November 15th | Zhejiang Zheneng Electric Power (600023.SH) announced that the company plans to increase its capital by 379.007212 million yuan to China Nuclear Huineng Co., Ltd. (referred to as "China Nuclear Huineng") by 4.8% shareholding percentage. The company's participation in this capital increase of China Nuclear Huineng is beneficial for further sharing in the development achievements of China Nuclear Huineng, avoiding equity dilution, and in line with the company's global strategy direction.
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