Off the wire
• Singapore stocks close 0.05 pct higher  • Foreign exchange rates in Singapore  • Top news items in major Nigerian media outlets  • Feature: Prisoner jailed in Israel keen on teaching Hebrew in Gaza  • 19 suspects arrested after terror attack in Bamako  • Iranian president to visit Pakistan on March 25-26: FM  • China confirms cancellation of Belgian PM's China visit  • Top news items in major Zambian media outlets  • Sri Lanka beefs up security at airport following Brussels terror attacks  • Burkina Faso sets up organ to promote national reconciliation, unity  
You are here: 　 Home

China's state nuclear energy giant completes deal with Malaysian firm to buy clean energy assets

Xinhua, March 23, 2016 Adjust font size:

Malaysia's state investment company 1MDB said Wednesday that it had completed a deal with China General Nuclear Power Corporation (CGN) to sell its energy assets to one of China's leading clean energy companies.

Under an equity purchase agreement signed last year, CGN agreed to buy 100 percent of 1MDB's ownership in all its energy assets, including 13 clean energy projects scattered in Malaysia, Egypt, Pakistan, United Arab Emirates (UAE), etc.

1MDB said in a statement that following satisfaction of all conditions precedent, the agreement was successfully completed on Wednesday. Endit