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Improved Revenues Required Before Leshan Electric Power Co.,Ltd (SHSE:600644) Shares Find Their Feet
Leshan Electric Power (600644.SH): The application for the private placement has been accepted by the Shanghai Stock Exchange.
On December 17, Gelonghui reported that Leshan Electric Power (600644.SH) announced that it received a notice from the Shanghai Stock Exchange (referred to as the "Exchange") regarding the acceptance of the application for issuing securities by Leshan Electric Power Co., Ltd. for listing on the Main Board (Document No. Shanghai Stock Review (Refinancing) [2024] 298). According to relevant regulations, the Exchange verified the prospectus for the issuance of A-shares to specific objects via a simplified procedure and related application documents submitted by the company for the year 2024, found the application documents complete and in legal form, and decided to accept and proceed with the application according to the law.
Leshan Electric Power Signs Agreement to Build Renewable Power Supply System in Sichuan, China
leshan electric power (600644.SH): signed a development cooperation agreement
On December 9th, GeLonghui reported that leshan electric power (600644.SH) announced that the company recently signed a "Development Cooperation Agreement" with GuoNeng DaDuHe River Basin Hydroelectric Development Co., Ltd. (hereinafter referred to as the "Agreement"). Following the principles of "mutual respect, complementary advantages, mutual benefit and win-win", both parties fully leverage their respective strengths to support the cultivation of new energy production capabilities in the region, promote energy storage construction, and set an example for high-quality coordinated development of the power grid.
Leshan Electric Power to Buy 51% Stake in Business Training Firm for 21 Million Yuan
Leshan Electric Power (600644.SH): intends to acquire 51% equity of Anhong Enterprise Management for 20.64 million yuan.
On November 28, Gelonghui reported that Leshan Electric Power (600644.SH) announced that in order to achieve a global strategy layout in Mianyang City and the northern Sichuan region, and to leverage the company's existing experience in emerging businesses such as electricity sales, energy storage, charging stations, and virtual power plants, as well as the existing business collaboration with Anhong Management, rapid development is to be realized, promoting the deep advancement of the company's strategic transformation. The company plans to sign an "equity transfer agreement" with Lantian Weiye, agreeing to acquire 51% of the equity held by Lantian Weiye in Anhong Management for 20.64 million yuan.
Leshan Electric PowerLtd (SHSE:600644) Investors Are up 14% in the Past Week, but Earnings Have Declined Over the Last Five Years