CHN Energy Changyuan Electric Power (SHE:000966) subsidiary Guodian Changyuan Jingzhou Thermal Power intends to purchase part of the assets of Guodian Wuhan Fuel's Shashi coal storage and distribution center.
The transaction price is valued at 90.4 million yuan, according to a Sept. 28 filing with the Shenzhen bourse.
This related-party transaction aims to meet the demand for water-borne coal transportation and meet the needs of expanding the business scale and long-term development, and to help boost competitiveness.
Price (RMB): ¥4.83, Change: ¥+0.36, Percent Change: +8.05%
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