SINGAPORE (AFX-ASIA) – Asia Power Corp said it has entered into a share transfer agreement to sell a 40 pct stake in wholly-owned China unit Asia Power (Neijiang) Hydroelectricity Co to Neijiang Xingyuan Electric Power Co for 17.670 million yuan in cash. (US$1=8.28 yuan). The company said proceeds from the sale will be used for…
CHINA: Asia Power to sell 40% stake in China unit for 17.670 million yuan
Posted on September 30, 2002 by EnergyAsia