China Three Gorges Renewables (SHA:600905) will invest 858.0 million yuan for a 34% stake in the Three Gorges (Xinjiang) Energy Investment, a joint venture with entities controlled by parent Three Gorges Group.
The venture, with a registered capital of 2.52 billion yuan, focuses on the generation, distribution and supply of power, a weekend filing with the Shanghai Stock Exchange showed.
Shares of the power company rose 2% in recent trade.
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