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Nanjing Public Utility: acquisition of 49% equity stake in Nanjing Nengwang New Energy
On December 20, the Jinshi data announced that it will acquire 49% equity of Nanjing Nengwang New Energy Technology Development Co., Ltd. This acquisition aims to further expand the company’s business in the field of new energy, improve market competitiveness, and strategic layout. The company stated that this transaction will help optimize resource allocation, achieve synergies between the two parties in the new energy business, and enhance the overall profitability of the company. The specific details and terms of the transaction are yet to be further confirmed.