tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

China Nuclear Energy Expands Solar Operations with New Rooftop Lease Agreement

Story Highlights
  • China Nuclear Energy enters a rooftop lease agreement to expand its solar power business.
  • The transaction is exempt from shareholder approval and reporting due to its small scale.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Nuclear Energy Expands Solar Operations with New Rooftop Lease Agreement

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

China Nuclear Energy Technology Corporation Limited ( (HK:0611) ) has provided an announcement.

China Nuclear Energy Technology Corporation Limited has entered into a connected transaction with Nanshan Holdings for the Zhangzhou Jiaomei Rooftop Photovoltaic Power Generation Project. This agreement allows the company to lease a rooftop for solar power system installation, expanding its new energy business. The transaction is subject to reporting requirements but is exempt from independent shareholder approval. The project includes a provision for the Lessor to use the generated electricity at a discounted rate, with expected fees falling below the de minimis threshold, thus exempting it from further reporting requirements.

More about China Nuclear Energy Technology Corporation Limited

China Nuclear Energy Technology Corporation Limited operates in the new energy sector, focusing on the design, construction, installation, and operation of solar photovoltaic power systems.

Average Trading Volume: 3,649,016

Technical Sentiment Signal: Buy

Current Market Cap: HK$768.6M

For detailed information about 0611 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1