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China Evergrande to sell 40.96% stake in Xinjiang Guanghui

11/01/2020 | 03:01am EST

HONG KONG (Reuters) - China Evergrande Group agreed to sell a 40.96% stake in Xinjiang Guanghui Industry Investment Group to Shenergy Co for 14.9 billion yuan, Guanghui Energy Co said in a disclosure on Sunday.

Guanghui Energy is a subsidiary of Xinjiang Guanghui.

Shenergy, a Shanghai-based power utility, will become the second-biggest shareholder of Xinjiang Guanghui, the disclosure said.

(Reporting by Pei Li and Yingzhi Yang; Editing by William Mallard)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP -0.83% 14.36 End-of-day quote.-3.62%
GOLDEN EAGLE RETAIL GROUP LIMITED -0.14% 7.01 End-of-day quote.-0.43%
GUANGHUI ENERGY CO., LTD. 0.75% 2.69 End-of-day quote.-4.95%
SHENERGY COMPANY LIMITED -0.38% 5.18 End-of-day quote.-0.77%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.472 Delayed Quote.-0.48%
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