Chengdu Xinzhu Road & Bridge Machinery Co., Ltd. Class ASZSE: 002480

Chengdu Xinzhu Road&Bridge Machinery Plans To Acquire 60% Stake In Clean Energy Firm

· Issued by Chengdu Xinzhu Road & Bridge Machinery Co., Ltd. Class A

Chengdu Xinzhu Road&Bridge Machinery Co Ltd SZSE:002480:

  • SAYS IT PLANS TO ACQUIRE 60% STAKE IN CLEAN ENERGY FIRM FOR 5.6 BILLION YUAN ($829.52 million)

  • SAYS IT PLANS 1.5 BILLION YUAN ASSET SALES AND TO RAISE UP TO 2.8 BILLION YUAN VIA SHARE PRIVATE PLACEMENT

($1 = 6.7509 Chinese yuan renminbi)

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