Brief: Gcl New Energy Says Suzhou Gcl New Energy And Hunan Xinhua Entered Purchase Agreements

Dynasty Digital Holdings

19/05/2023 16:08

May 19 (Reuters) - GCL New Energy  0451.HK :
    * SUZHOU GCL NEW ENERGY AND HUNAN XINHUA ENTERED INTO SIXTH
PHASE
SHARE PURCHASE AGREEMENTS
    * SUZHOU GCL NEW ENERGY TO SELL ENTIRE EQUITY INTEREST IN
GAOTANG
GCL JINGHUI
    * SUZHOU GCL NEW ENERGY TO SELL 90.1% EQUITY INTEREST IN
INNER
MONGOLIA XIANGDAO NEW ENERGY
    * SUZHOU GCL NEW ENERGY TO SELL REMAINING 9.9% EQUITY
INTEREST IN
INNER MONGOLIA XIANGDAO NEW ENERGY
    * NET CASH PROCEEDS FROM TRANSACTIONS EXPECTED TO BE 
RMB1.43
BILLION
    * INTENDS TO USE NET CASH PROCEEDS FOR DEBTS REPAYMENT

Source text for Eikon:  ID:nHKS1JpMPf 
Further company coverage:  0451.HK 

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