Gresgying Digital Energy Technology (SHA:600212) agreed to purchase the 80% equity its does not hold in joint venture Xianyang Jingkai Qiongyou New Energy for 200 million yuan, according to a Shanghai bourse filing on Wednesday.
The stake will be bought from joint venture partner Xianyang Jingkai Urban Development Group.
Qiongyou New Energy was established as a project company for the construction of the Xianyang manufacturing base, the Chinese new energy infrastructure products manufacturer said.
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