Key words: XEMC, Xingxiang Asset, Wind turbine manufacture

Abstract: Xiangtan Electric transfer of the equity of its wholly-owned subsidiary-XEMC Wind Power Co., Ltd. on June 29, 2020.

Text:

On June 29, 2020, Xiangtan Electric Manufacturing Co., Ltd. (XEMC) issued a progress announcement on the public listing and transfer of the equity of its wholly-owned subsidiary-XEMC Wind Power Co., Ltd. As of June 29, 2020, according to the state-owned property rights transfer rules and transfer announcement of Hunan United Property Right Exchange Co., Ltd., Hunan Xingxiang Asset Management Company(Xingxiang Asset) meets the conditions for transfer and pays a deposit of 50 million RMB on time, becoming the only qualified intended transferee. Xingxiang Asset plans to pay RMB 924,258,988.00 to get 100% equity transfer of XEMC Wind Power.

Source：中国风电新闻网

Translated and edited by minds:connected