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Jul 23, 2021 08:30 PM (GMT+8) · EqualOcean
*St Zhaoxin announced that China Nuclear Huineng plans to acquire 100% equity of Shengkun Renhe, a wholly-owned grandson of the company, and 100% equity of Yongxin Haiying, a wholly-owned grandson of the company. The total transaction amount of equity and debt acquisition of the two projects was 541 million yuan. After the completion of this transaction, the total assets purchased and sold by the company in the past 12 consecutive months reached 958 million yuan, accounting for 34.54% of the company's total audited assets in 2020. Meanwhile, this transaction is expected to reduce the company's net profit of 140 million yuan in 2021, accounting for 251.86% of the company's audited net profit in the latest fiscal year.

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