Jiuzhou Group (300040.SZ) announced that the company and the wholly-owned subsidiary of Huadian New Energy Group Co., Ltd. have seven units...
According to Zhitong Finance App, Jiuzhou Group (300040.SZ) announced that the company signed an “Share Transfer Agreement” with Qitaihe Fengrun Wind Power Co., Ltd. (“Fengrun Wind Power”), a wholly-owned subsidiary of Huadian New Energy Group Co., Ltd., and the company transferred 51% of its shares in its subsidiary Qitaihe Jiaxing Wind Power Co., Ltd. (“Jiaxing Wind Power”) to Fengrun Wind Power. The share transfer price was 90.78 million yuan. After the equity transfer was completed, Qitaihe Jiaxing Wind Power Co., Ltd. ceased to be a subsidiary of the company.
According to the announcement, the sale of shares in Jiaxing Wind Power Company can return capital, improve the company's cash flow, increase equity sales income, optimize asset structure, and reduce the balance ratio and the amount of external guarantees.