China Suntien Green Energy Corporation Limited Class H (HK:0956) has released an update.
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China Suntien Green Energy Corporation Limited’s subsidiary, HECIC New Energy, is set to transfer a 20% equity stake in Shangyi Suntien to Huihai for RMB127.6 million. This strategic move will result in HECIC holding an 80% stake, maintaining Shangyi Suntien as a subsidiary. The transaction, classified as a connected transaction, highlights the company’s active management of its investment portfolio.
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