CECEP Wind-Power Corporation acquired 95% stake in Qinghai Oriental Hualu New Energy Investment Co., Ltd. from Zheng Lifang and other shareholder for CNY 10.8 million.
April 11, 2012 at 12:00 am EDT
CECEP Wind-Power Corporation signed a share transfer agreement to acquire 95% Qinghai Oriental Hualu New Energy Investment Co., Ltd. from Zheng Lifang and other shareholder for CNY 10.8 million on December 25, 2011.
CECEP Wind-Power Corporation completed the acquisition of 95% Qinghai Oriental Hualu New Energy Investment Co., Ltd. from Zheng Lifang and other shareholder on December 28, 2011. CECEP Wind-Power Corporation already paid CNY 7.9 million of the transfer price till March 30, 2011 and will pay the remaining balance in accordance with the agreement.