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Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
It is hard to get excited after looking at Zhejiang Chint Electrics' (SHSE:601877) recent performance, when its stock has declined 3.6% over the past month. However, the company's fundamentals
Zhejiang Chint Electrics to Pump 21.6 Million Yuan Into Joint Venture
Zhejiang Chint Electrics (SHA:601877), through unit Zhejiang Taizhou New Energy, plans to invest 21.6 million yuan to establish a 120 million yuan joint venture, according to a Saturday filing on
Zhejiang Chint Electrics (601877.SH) plans to acquire 5% equity of State Grid Zhejiang Integrated Energy Service Co., Ltd. for 150 million yuan.
On July 12, GlobeNewswire reported that Zhejiang Chint Electrics (601877.SH) plans to sign an equity transfer agreement with Shenzhen Jiyuan. With self-raised funds, Zhejiang Chint Electrics will purchase 5% of the equity in State Grid Zhejiang Energy Group held by Shenzhen Jiyuan, at a transaction price of CNY 0.15 billion. After the completion of the trade, the company will hold 10% of the equity in State Grid Zhejiang Energy Group. The target company is a subsidiary of State Grid Zhejiang Electric Power Co., Ltd., with multiple municipal subsidiaries and a professional R&D, technology, and marketing team. Its main business includes multi-energy supply, clean energy development, energy efficiency improvement, and providing energy management for commercial, construction, transportation, industrial, and park sectors.
Zhejiang Chint Electrics (601877.SH): Plans to establish a joint venture focusing on investments in household distributed photovoltaic power infrastructure projects recommended by Chint Aneng.
On July 12th, Gelunhui reported that Zhejiang Chint Electrics (601877.SH) announced that its holding subsidiary, Taizhou New Energy, intends to sign an investment cooperation agreement with Jiaxing Yiyang. Taizhou New Energy is a wholly-owned subsidiary of Zhejiang Chint An energy Digital Energy (Zhejiang) Co., Ltd. (referred to as 'Chint An Energy'). Taizhou New Energy and Jiaxing Yiyang will each invest 21.6 million yuan and 98.4 million yuan respectively to establish a joint venture, which will mainly focus on investing in household distributed photovoltaic power generation infrastructure projects recommended by Chint An Energy.
Express News | Chint Electrics Says It Plans to Buy 5% Stake in Energy Service Firm for 150 Mln Yuan
Zhejiang Chint Electrics (601877.SH) plans to participate in the establishment of a joint venture with Suzhou Hengjunsheng New Energy Fund.
Zhejiang Chint Electrics (601877.SH) announced that its subsidiary, Zhejiang TaiZhou New Energy Fund Co., Ltd. (referred to as “Tai…
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