Brief: Gcl New Energy Says Units Of Gcl-Poly And GNE And Enters First Phase Share Purchase Agreements

Dynasty Digital Holdings

01/04/2021 02:49

April 1 (Reuters) - GCL New Energy Holdings Ltd  0451.HK :
    * UNITS OF GCL-POLY AND GNE AND THREE GORGES ASSET
MANAGEMENT CO
ENTERED INTO FIRST PHASE SHARE PURCHASE AGREEMENTS
    * NET CASH PROCEEDS FROM TRANSACTIONS AMOUNTING TO ABOUT
RMB364.7
MILLION
    * UNITS OF GCL-POLY AND GNE TO SELL STAKE IN UNITS TO THREE
GORGES
ASSET MANAGEMENT
    * NET CASH PROCEEDS ALSO CONSISTS OF TOTAL AMOUNT PAYABLE
AMOUNTING TO ABOUT RMB562.9 MILLION

Source text for Eikon:  ID:nHKS3ZyvzL 
Further company coverage:  0451.HK 

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