XEMC decides to sell its subsidiary XEMC Wind Power

XEMC decides to sell its subsidiary XEMC Wind Power

549

XEMC has decided to sell 100% equity of XEMC Wind Power.

By the end of 2018, the total assets of XEMC Wind Power was valued at CNY 7.7 billion, representing 38% of the audited total assets of XEMC for that year. The revenue generated by XEMC Wind Power in 2018 totaled CNY 994 million, accounting for 16% of XEMC’s total revenue. In accordance with the relevant provisions of state-owned asset transactions, the official listing price will not be lower than the recorded evaluation price. The transaction will be conducted over the Hunan Provincial Joint Property Exchange. (North Star Wind Power Network)