Asia Power: to invest in the Qun Ying Gou hydropower resources project. Project involves the construction of a 1.4 MW hydropower plant in the Muli County of the Sichuan Province. Est total investment amount is RMB 140m. The co will hold 51% equity stake in the devt, which amounts to RMB 17.9m, to be funded internally. The remaining stakes will be held by the Muli County govt and Hunan Province You Luo Kou Electric Power Co...
The project is expected to be completed within 2 years of the signing date.
Stock trades at 4.8x P/E.
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