Longyuan Power: intends to acquire a 51% stake in Guohua Cangzhou for 33.9408 million yuan

2026-04-10 08:54:36

Longyuan Power announced that its wholly owned subsidiary, Inner Mongolia Longyuan New Energy Development Co., Ltd., plans to acquire 51% of the equity interest in Guohua (Cangzhou) Integrated Energy Co., Ltd. held by Guohua Energy Investment Co., Ltd. After review and approval by the Board of Directors, it was agreed that Inner Mongolia Longyuan will acquire the target equity through a non-public agreement transfer at a price of 33.9408 million yuan. Upon completion of this transaction, Guohua Cangzhou will become a controlling subsidiary of Longyuan Power. This transaction is intended to advance the demonstration project of large-scale wind-solar-hydrogen coordinated engineering, expand the company’s business layout in new energy and strategic emerging industries, and enhance its core competitiveness.

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