CHUNCHENG HEAT has entered into an agreement to acquire several heat production assets from its controlling shareholder group
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CHUNCHENG HEAT announced that it has signed an agreement with its controlling shareholder group to acquire several heat production assets, with a total price of RMB 210 million. This acquisition will promote resource integration between the group and the controlling shareholder, enhance the unified management and operational capabilities of heat production, strengthen market competitiveness, and reduce ongoing related party transactions with the controlling shareholder
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