XINYI ENERGY (03868.HK) announced related transactions, acquiring a total of 100% equity in Jinzhai Xinyi Wind Power from XINYI GLASS (00868.HK) and XY ELEC STORAGE (08328.HK), the latter owning a wind farm with a generating capacity of 64 megawatts located in Jinzhai City, Anhui Province, for a total cash consideration of RMB 62 million.
Upon completion, XINYI GLASS and XY ELEC STORAGE are expected to record revenues of RMB 33.6 million and RMB 8.8 million, respectively

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XINYI ENERGY announced related transactions, acquiring a total of 100% equity in Jinzhai Xinyi Wind Power from XINYI GLASS and XY ELEC STORAGE, the latter owning a wind farm with a power generation capacity of 64 megawatts located in Jinzhai City, Anhui Province, for a total cash consideration of 62 million RMB. Upon completion, it is expected that XINYI GLASS and XY ELEC STORAGE will record revenues of 33.6 million RMB and 8.8 million RMB, respectively

XINYI ENERGY acquires wind farm in Anhui Province for a consideration of 62 million RMB