DATANG ENVIRO to Acquire Scrapped Wind Power Equipment for Approximately 24.57 Million Yuan

Stock News
Apr 01

DATANG ENVIRO (01272) announced that on April 1, 2026, the company, acting as the buyer, entered into an asset transfer agreement with Guiguan Panzhou, the seller. The company intends to acquire from the seller a total of 49 scrapped assets, comprising 38 wind turbines and ancillary equipment from the DATANG Sige Wind Farm held by Guiguan Panzhou, for a consideration of approximately RMB 24.5741 million.

This acquisition represents the group's first demonstration project in the field of renewable energy solid waste resource utilization. By dismantling, disposing of, and utilizing the acquired scrapped wind power equipment, the group anticipates achieving considerable economic benefits while effectively reducing environmental pollution and carbon emissions.

Consequently, the board of directors believes the acquisition aligns with the group's strategic development objectives. It will enable the group to (i) achieve favorable economic returns through the efficient recycling and disposal of scrapped assets; (ii) promote environmental sustainability and carbon reduction efforts, thereby fulfilling its corporate social responsibilities; and (iii) establish a solid strategic foundation for the further expansion of its resource recycling industry.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10