Beijing Dynamic Power Sells Asset Management Unit for 120 Million Yuan

MT Newswires Live

2024/12/04

Beijing Dynamic Power (SHA:600405) agreed to sell wholly-owned subsidiary Beijing Kefeng Dingcheng Asset Management for 120 million yuan, according to a Shanghai Stock Exchange filing on Wednesday.

The investment and asset manager was sold to Beijing AVIC TEDA Environmental Protection Technology, a technical services provider and mechanical equipment manufacturer, the Chinese power electronic product manufacturer said.

Beijing Dynamic Power's shares rose more than 2% in recent trade.

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