OTHERS GENTING BERHAD, VIA ITS INDIRECT SUBSIDIARIES, SIGNED A SHARE SALE AND PURCHASE AGREEMENT WITH JINENG INTERNATIONAL ENERGY CO., LTD AND A HEADS OF AGREEMENT WITH SDIC POWER HOLDINGS CO., LTD. IN RELATION TO THE DEVELOPMENT AND OPERATION OF A GAS FIRED POWER PLANT IN THE GREATER SHANGHAI AREA IN THE ZHEJIANG PROVINCE, CHINA
| GENTING BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | GENTING BERHAD, VIA ITS INDIRECT SUBSIDIARIES, SIGNED A SHARE SALE AND PURCHASE AGREEMENT WITH JINENG INTERNATIONAL ENERGY CO., LTD AND A HEADS OF AGREEMENT WITH SDIC POWER HOLDINGS CO., LTD. IN RELATION TO THE DEVELOPMENT AND OPERATION OF A GAS FIRED POWER PLANT IN THE GREATER SHANGHAI AREA IN THE ZHEJIANG PROVINCE, CHINA |
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The Board of Directors of Genting Berhad ("Company") is pleased to announce that the Company’s indirect subsidiary, Genting MZW Pte Ltd, has entered into a Share Sale and Purchase Agreement with Jineng International Energy Co., Ltd ("Jineng") on 20 June 2024 for the acquisition of Jineng’s 49% equity shares in SDIC Jineng (ZhouShan) Gas Power Generation Co., Ltd. for total purchase price of RMB100 million (approximately USD14 million). SDIC Jineng (ZhouShan) Gas Power Generation Co., Ltd. is the project company established to own and develop a 2 x 745MW gas-fired power plant located at ZhouShan, Greater Shanghai Area in the Zhejiang Province, China, where SDIC Power Holdings Co., Ltd. is the 51% majority shareholder.
Please refer to the attached Press Release for further details.
This announcement is dated 20 June 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | GENTING BERHAD |
| Stock Name | GENTING |
| Date Announced | 20 Jun 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20062024-00028 |