China Nuclear Energy Technology Corporation Limited (HK:0611) has released an update.
China Nuclear Energy Technology Corporation Limited has entered a significant transaction for purchasing equipment for the Zhonghe Linxiang Energy Storage Power Station, with a deal valued at roughly HK$126 million. The newly acquired assets, expected to be grid-connected by the end of 2024, will bolster the company’s energy storage capabilities in Yunnan Province. This strategic move is set to expand the Group’s operational footprint without requiring shareholder approval, as it falls under a discloseable transaction threshold.
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