CGN Power (HKG:1816, SHE:003816) acquired CGN Taishan No. 2 Nuclear Power from its controlling shareholder, the state-owned China General Nuclear Power, a Monday Hong Kong bourse filing said.
The target recently completed the required registrations for the transfer of ownership and has now become a wholly-owned subsidiary of the company.
The target also obtained the renewed business license from the Market Supervision and Administration of Taishan Municipality.
The acquisition was first announced on Jan. 8, with CGN Power agreeing to purchase the power plant developer for 1.20 billion yuan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.