CGN New Energy Holdings Co., Ltd. (HK:1811) has released an update.
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CGN New Energy Holdings Co., Ltd. has entered into an agreement with CGN (Beijing) New Energy Technology to provide technical maintenance services for its wind farms and photovoltaic power plants from November 2024 to December 2026. This deal, considered a continuing connected transaction under Hong Kong listing rules, ensures the company benefits from comprehensive maintenance without requiring independent shareholder approval. Investors may find this strategic move significant as it consolidates CGN’s control and operational efficiency in renewable energy assets.
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