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Zhongneng Electric announced that the company plans to acquire 51% of Changchun Sanding Transformer Co., Ltd.'s shares in cash, with a total transaction consideration of RMB 330 million. The company held a board of directors meeting on October 23, 2026 to review and approve the transaction, and the parties to the transaction have signed an “Equity Transfer Agreement”. After the transaction is completed, Changchun Sanding will be included in the scope of the company's consolidated statements.
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Zhongneng Electric announced that the company plans to acquire 51% of Changchun Sanding Transformer Co., Ltd.'s shares in cash, with a total transaction consideration of RMB 330 million. The company held a board of directors meeting on October 23, 2026 to review and approve the transaction, and the parties to the transaction have signed an “Equity Transfer Agreement”. After the transaction is completed, Changchun Sanding will be included in the scope of the company's consolidated statements.
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