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.