Beijing Energy International Arm to Acquire 40% Stake in BJCE Australia
Beijing Energy International (HKG:0686) subsidiary Beijing Energy International (Australia) agreed to acquire 40% equity interest in Beijing Jingneng Clean Energy (Australia) Holding from Beijing Jingneng Clean Energy (Hong Kong) for around AU$12 million on Aug. 20, a Thursday filing with the Hong Kong Exchange said.
The acquisition will complement the group's existing clean power plant portfolio and increase its market share, the filing said.
The company's shares closed nearly 4% lower on Friday.
Price (HKD): $0.16, Change: $-0.0060, Percent Change: -3.61%
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