China Longyuan Power Group (HK:0916) has released an update.
China Longyuan Power Group Corporation Limited, controlled by China Energy Investment Corporation Limited, is set to receive an injection of new energy assets from its controlling shareholder, aiming to alleviate horizontal competition and estimated at approximately 4,000,000 kW capacity. The transaction, which is still subject to board decision and due diligence, is not expected to be a material asset restructuring but comes with a cautionary note to shareholders and investors about potential risks due to its preliminary stage.
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