Hebei Yichen to Acquire Stake in Electricity Trader For 135 Million Yuan

MT Newswires Live

01/13

Hebei Yichen Industrial Group (HKG:1596) agreed to acquire a substantial stake in Hebei Chenxiang Electricity Sales, according to a Hong Kong bourse filing Monday.

The rail fastening system provider is acquiring an 86.22% stake in the electricity trader for 135 million yuan.

Hebei Yichen said the acquisition will help ensure a stable electricity supply for its operations.

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