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CNNC to invest in nuclear fusion energy company

February 28, 2025 at 05:08 PM UTCBy FilingReader AI

China National Nuclear Power (CNNC) [SSE:601985] announced its plan to invest 1 billion yuan in China Fusion Energy Corporation through capital increase, marking a strategic move into the nuclear fusion energy sector. This investment has already been approved by the company's board and supervisory committee. The transaction is classified as a related transaction but does not constitute a major asset restructuring. The investment aims to support the development of nuclear fusion technology and its future commercialization. However, CNNC cautions investors about the inherent uncertainties and risks associated with nuclear fusion technology, including the long development cycle and the possibility of commercialization failure. The final investment amount is subject to government approval.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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