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Zhongmin Energy: Plans to acquire a 51% stake in Fujian Yongtai Mintou Pumped Storage Co., Ltd. for 864 million yuan
Zhongmin Energy announces its plan to acquire 51% of Fujian Yongtai Mintou Pumped Storage Co., Ltd., held by the controlling shareholder Fujian Investment Group, in cash. The transaction price is 864 million yuan, with a premium rate of 30.34%. This transaction is still subject to approval by the company’s shareholders’ meeting.