Brief: GCL New Energy Holdings Announces Disposal Of Units

Dynasty Digital Holdings

01/04/2021 15:39

April 1 (Reuters) - GCL New Energy Holdings Ltd  0451.HK :
    * XIAN GCL NEW ENERGY, SUZHOU GCL NEW ENERGY & THREE GORGES
ASSET
MANAGEMENT ENTERED SECOND PHASE SHARE PURCHASE AGREEMENTS
    * XIAN GCL NEW ENERGY, SUZHOU GCL NEW ENERGY TO SELL ENTIRE
STAKE
IN YULIN LONGYUAN & YUSHEN DONGTOU TO THREE GORGES ASSET
MANAGEMENT
    * XIAN GCL NEW ENERGY & SUZHOU GCL NEW ENERGY TO SELL 98.4%
STAKE
IN JINGBIAN GCL PHOTOVOLTAIC ENERGY TO THREE GORGES ASSET
MANAGEMENT
    * PARTIES TO ALSO SELL 80.35% EQUITY INTEREST IN HENGSHAN
JINGHE
    * WILL REALISE NET GAIN ON SECOND PHASE DISPOSALS OF ABOUT
RMB249.3 MILLION
    * CASH PROCEEDS FROM DEAL EXPECTED TO BE ABOUT RMB1.39
BILLION

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0401/2021040104533.pdf
Further company coverage:  0451.HK 

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