If the acquisition is approved by the government, Changdian International will hold 26.20% of the shares of CEC New Energy. Changdian International will become the largest shareholder of CLP New Energy, and the shareholding of the original majority shareholder of CLP New Energy will be diluted from 35.14% to 25.93%.
Yangtze Power said that CLP New Energy has a certain scale in wind power, waste-to-energy, and natural gas power generation. It has good projects, market resources, and talent reserves. This investment will help promote the company's installed capacity, sales revenue and profitability. The improvement will help expand the company's influence in the clean energy industry and help achieve the coordinated development of the company and CLP New Energy.
According to available data, CLP International New Energy Holdings Co., Ltd. (abbreviated as “CLP New Energyâ€) was established in Shanghai in December 2006. The superior unit is China Power Investment Corporation (one of the five largest power generation groups in the country). International Co., Ltd. is mainly engaged in the development, investment, construction and operation of renewable energy fields such as wind power generation, medium and small hydropower, biomass power generation, and solar power generation.
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