GCL New Energy chose to sell global photovoltaic power plant...
GCL New Energy chose to sell global photovoltaic power plants to achieve “transformation and upgrading” and asset reduction, reduce financial risks, reduce capital costs, and reduce liabilities. In the future, services will be provided to PV power plant operators in China by providing operation, management, and maintenance services to generate a stable source of revenue and reduce financial costs and debt size.
The subsidiary of GCL New Energy (00451) plans to sell a total of 36 operating photovoltaic power plants to obtain a cash flow of 1,602 billion yuan, and the balance ratio will drop by about 16%
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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