CGN Power Completes Payments for Stake Acquisitions

MT Newswires Live07-01

CGN Power (SHE:003816, HKG:1816) completed payments for its acquisition of 46% of CGN Cangnan Nuclear Power and a 51% equity interest in CGN Cangnan Second Nuclear Power from China General Nuclear Power Corp., according to a Wednesday filing with the Shanghai bourse.

The total cash consideration for the transactions is 8.35 billion yuan, according to an earlier filing with the Hong Kong Exchange.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment