According to ai news, on August 17, Zhefu Holdings announced that AED, a wholly-owned subsidiary of the company, sold its 100% stake in AED A99.99% to FEGE for a transaction consideration of US$162 million. The Company transferred its 51% stake in the Batain Tulu Hydropower Project by selling its stakes in AED A and AED B. According to the company's preliminary calculations, the transaction is expected to generate a revenue of about RMB94 million, and the final data is subject to the audit results.
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