Brief: GCL New Energy Announces Disposal Of Subsidiaries

Dynasty Digital Holdings

26/04/2021 16:13

April 26 (Reuters) - GCL New Energy Holdings Ltd  0451.HK :
    * UNITS, GUANGDONG JINYUAN & STATE POWER INVESTMENT CORP
GUIZHOU
JINYUAN WEINING ENERGY CO ENTERED SECOND PHASE SHARE PURCHASE
AGREEMENTS
    * UNITS TO SELL 99.0% EQUITY INTEREST IN CEHENG PRECISION
    * UNITS TO SELL ENTIRE STAKE IN EACH OF DINGAN GCL LUODIAN
GCL AND
SUIXI GCL
    * AGGREGATE CONSIDERATION FOR ALL AGREEMENTS IS RMB147
MILLION
    * NET CASH PROCEEDS FROM TRANSACTIONS EXPECTED TO BE ABOUT
RMB354.8 MILLION
    * SEES NET LOSS ON SECOND PHASE DISPOSALS OF ABOUT RMB65.2
MILLION
FOR GCL-POLY GROUP, GNE GROUP

Source text for Eikon:  ID:nHKSbq7Hp5 
Further company coverage:  0451.HK 

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