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Three Gorges Water to Sell Stake in Energy Subsidiary

July 21, 2025 at 07:51 AM UTCBy FilingReader AI

Chongqing Three Gorges Water Conservancy & Electric Power (Group) Co., Ltd. announced its intention to publicly list and transfer the 41.0071% equity held by its wholly-owned subsidiary, Changxing Electric Power, in Chongqing Tiantai Energy Group Co., Ltd. The minimum transfer price is set at not less than the appraised value of CNY 640.76 million.

This transaction, approved by the board on July 10, 2025, is intended to enhance asset operational efficiency and optimize the company's strategic layout. It is expected to generate an investment income of approximately CNY 190 million, positively impacting the company's financial status and operating results for 2025. The final sale price will be determined by the public listing outcome.

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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