Brief: GCL New Energy Units To Sell Stakes In 6 Target Companies

Dynasty Digital Holdings

29/09/2020 16:15

Sept 29 (Reuters) - GCL New Energy Holdings Ltd  0451.HK :
    * UNITS TO SELL 60% OF 40% OF 6 TARGET COMPANIES TO HUANENG
GONGRONG NO.1 (TIANJIN) EQUITY INVESTMENT & HUANENG GONGRONG
NO.2
    * AGGREGATE CONSIDERATION RMB576 MILLION
    * SEES NET CASH PROCEEDS OF ABOUT RMB1.38 BILLION FROM
TRANSACTIONS

Source text for Eikon:  ID:nHKSbnjJC4 
Further company coverage:  0451.HK 

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