Brief: GCL New Energy Says Units To Sell Stakes In Companies Including Yixian Guoxin, Among Others
12/10/2023 14:48
Oct 12 (Reuters) - GCL New Energy Holdings Ltd
0451.HK :
* UNITS TO SELL ENTIRE STAKE IN EACH OF TARGET COMPANIES
INCLUDING
YIXIAN GUOXIN, AMONG OTHERS & 88.58% STAKE IN TONGYU GCL
* UNITS TO SELL TO SUZHOU INDUSTRIAL 100% STAKE IN TENGZHOU
XINTIAN, GAOTANG XIEZHI, GAOTANG XINWANG, LUOHE XIERUN, GAOTANG
XIECHEN
* NET CASH PROCEEDS FROM DISPOSALS EXPECTED TO BE ABOUT
RMB1.60
BILLION
Source text for Eikon: ID:nHKSSTfLT
Further company coverage: 0451.HK
((Reuters.Briefs@thomsonreuters.com;))
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