Add New Energy Signs Major Asset Disposal Deal

Add New Energy Investment Holdings Group Ltd. (HK:2623) has released an update.

Add New Energy Investment Holdings Group Ltd. has entered into an agreement to sell its iron mine assets, including mining and exploration rights as well as production facilities, for a total consideration of RMB 314.48 million. The deal is classified as a very substantial disposal and is subject to approval by shareholders under the Listing Rules. Investors are cautioned as the agreement is contingent on certain conditions being met.

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