CGN New Energy's (HKG:1811) subsidiary Meiya Electric Asia plans to dispose of all of its equity interest in Nantong Meiya Co-generation for an initial consideration of 475 million yuan.
The disposal is expected to be carried out through a public tender on the Shanghai United Assets and Equity Exchange, a Friday Hong Kong bourse filing said.
The formal disclosure and public tender notice for the disposal is expected to start on Saturday.
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