China Nuclear Energy Technology Corporation Limited (HK:0611) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into HK:0611 stock, check out TipRanks’ Stock Analysis page.