Home Business Wanliyang Acquires 51% of Wanliyang Energy’s Shares to Promote Energy Storage and Other Businesses to Be Bigger and Stronger

Wanliyang Acquires 51% of Wanliyang Energy’s Shares to Promote Energy Storage and Other Businesses to Be Bigger and Stronger

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Summary

[Wanliyang acquired 51% of Wanliyang Energy to promote energy storage and other businesses]On January 6, Wanliyang (002434) signed an equity transfer agreement with Wanliyang Group and others. The former acquired Wanliyang Group for 110 million yuan, etc. The shareholders collectively hold 51% of the shares of Wanliyang Energy Company. Wanliyang Energy Company is mainly engaged in the investment and operation of energy storage power stations. In 2021, its revenue was 27,704,900 yuan and the net profit was 7,070,300 yuan. (Securities Times)


January 6,Wan Li Yang(002434) withWan Li YangGroup etc. signedEquity transferAgreement, the former will be acquired for 110 million yuanWan Li YangGroup etc.shareholderA total of 51% of the shares of Wanliyang Energy Company. Wanliyang Energy Company is mainly engaged in the investment and operation of energy storage power stations, with revenue of 27,704,900 yuan in 2021.Net profit7,070,300 yuan. The company claims that this acquisition will help Wanliyang Energy Co., Ltd. continue to expand and strengthen its energy storage, power market spot trading and other related businesses, and create new business and profit growth points for the company’s future development.

(Article Source:SecuritiesTimes)

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