Beijing Jingneng Clean Energy Arm to Sell 40% Stake in BJCE Australia for Over AU$183 Million
Beijing Jingneng Clean Energy's (HKG:0579) subsidiary Beijing Jingneng Clean Energy (Hong Kong) agreed to dispose of 40% equity interest in Beijing Jingneng Clean Energy (Australia) to Beijing Energy International (Australia) for AU$183 million plus any adjustment amount on Aug. 20, a Thursday filing with the Hong Kong Exchange said.
The company may use the proceeds from the disposal to pay off its existing debts, the filing said.
Price (HKD): $1.74, Change: $+0.010, Percent Change: +0.58%
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.