China Longyuan Power Group ( (HK:0916) ) has provided an update.
China Longyuan Power Group Corporation Limited announced the approval of a resolution regarding the impairment test of acquired assets following the expiration of a performance commitment period. This development is part of a series of transactions including the absorption and merger of Inner Mongolia Pingzhuang Energy Co., Ltd. through share swaps and cash payments. The transactions aim to enhance the company’s asset portfolio and strengthen its position in the renewable energy market.
More about China Longyuan Power Group
China Longyuan Power Group Corporation Limited is a leading company in the renewable energy sector, primarily focusing on the development, operation, and management of wind power projects. The company is involved in various energy-related transactions and partnerships, enhancing its market presence in the energy industry.
YTD Price Performance: 2.48%
Average Trading Volume: 970
Technical Sentiment Signal: Hold
Current Market Cap: $15.09B
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