Brief: Beijing Jingneng Clean Energy Announces Absorption & Merger Agreement

Beijing Jingneng Clean Energy

10/05/2022 13:38

May 10 (Reuters) - Beijing Jingneng Clean Energy Co Ltd
 0579.HK :
    * ENTERED ABSORPTION & MERGER DEAL WITH BEIJING ENERGY
HOLDING CO,
JINGNENG INTERNATIONAL, & SHENZHEN JINGNENG LEASING
    * BEIJING ENERGY HOLDING PROPOSED TO ABSORB & MERGER WITH
JINGNENG
INTERNATIONAL
    * BEH PROPOSED TO TRANSFER ITS 84.68% EQUITY INTEREST IN
SHENZHEN
JINGNENG LEASING TO CO
    * CO TO PAY CONSIDERATION IN FORM OF 20% STAKE IN JINGNENG
INTERNATIONAL AND CASH OF RMB542.1 MILLION
    * SEES INCREASE OF ABOUT RMB37.5 MILLION IN OWNER’S EQUITY
IN
FINANCIAL STATEMENTS OF GROUP POST DEAL
    * CO TO RECOGNIZE GAIN ON TRANSFER OF 20% STAKE IN JINGNENG
INTERNATIONAL IN CONSOL INCOME STATEMENT

Source text for Eikon:  ID:nHKS2bQJHQ 
Further company coverage:  0579.HK 

 ((Reuters.Briefs@thomsonreuters.com;))