Zhejiang Provincial New Energy Investment Buys Remaining Stake in Subsidiary for 454 Million Yuan
Zhejiang Provincial New Energy Investment (SHA:600032) agreed to acquire the remaining 45% it does not yet hold in subsidiary Zhejiang Zhoushan Zheneng Offshore Wind Power for 454.1 million yuan, according to a Shanghai bourse filing on Tuesday.The stake will be bought from Zhejiang Energy International.The company will fully own Zhejiang Zhoushan after the transaction.