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China Nuclear Energy Expands Solar Projects in Guangdong

Story Highlights
  • China Nuclear Energy is expanding its solar power operations in Guangdong, China.
  • The company’s new agreements are classified as connected transactions but are exempt from shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Nuclear Energy Expands Solar Projects in Guangdong

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

China Nuclear Energy Technology Corporation Limited has entered into agreements for rooftop photovoltaic power generation projects in Guangdong, China. These agreements involve leasing rooftops from subsidiaries of Nanshan Holdings to install and operate solar power systems, marking a strategic move to enhance the company’s presence in the renewable energy sector. The transactions are classified as connected transactions under Hong Kong’s Listing Rules, but they are exempt from requiring independent shareholder approval due to their scale.

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. The company aims to expand its business in renewable energy, particularly through rooftop solar projects.

Average Trading Volume: 3,264,229

Technical Sentiment Signal: Buy

Current Market Cap: HK$740.8M

For an in-depth examination of 0611 stock, go to TipRanks’ Overview page.

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