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HONG KONG, Jan 24, 2018 - (ACN Newswire) - China Nuclear Energy Technology Corp Ltd ("CNE TECH"; HK:611) announces the termination of its open offer, one offered share for every eight existing shares, due to the internal events of its underwriter. It is expected that the termination of the open offer will have no material impact on the daily operations of the Company.
As an EPC provider, CNE TECH has built more than 40 PV (photovoltaic) power stations with a total installed capacity of over 2,000 MW. CNE TECH owns two centralized PV power plants which are generating electricity and over 10 distributed PV power plants which are grid-connected or under construction, with a total capacity of close to 150MW. The Company's PV power generation projects span over 20 provinces, municipalities and autonomous regions in China.
CNE TECH will formulate a beneficial long-term business development plan, actively explore open offers or other financing schemes, devote resources to support its continued and rapid development and strive to become an advanced international clean energy investment corporation and service provider.
About China Nuclear Energy Technology Corp Ltd
China Nuclear Energy Technology Corporation Limited, or CNE TECH CORP (611.HK), develops new energy through active participation in PV (photovoltaic) generation and investment in and operation of solar power stations. The Company's scope of business includes solar power generation; engineering, procurement and construction (EPC); and consultancy, financial leasing and nuclear power plant maintenance and repair. The Group also provides financial leasing in clean energy, energy conservation and environmental protection, leveraging on synergies with its core business. www.cnetcl.com.
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Topic: Press release summary
Source: China Nuclear Energy Technology Corp Ltd
Sectors: Energy, Alternatives
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From the Asia Corporate News Network
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