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Fujian Funeng (600483.SH): plans to invest in the construction of the second phase of the Quanhui cogeneration project.
Gelonghui, April 24th丨Fujian Funeng (600483.SH) announced that, according to business development needs, Fujian Funeng Co., Ltd. will increase its investment to hold a controlling stake in Fujian Dongqiao Thermal Power Co., Ltd. (referred to as Dongqiao Thermal Power) in 2023, responsible for the development, construction, and operation of the Quanhui Petrochemical Industrial Zone cogeneration project (referred to as Quanhui Cogeneration) phases one and two. The company, Sinochem Quanzhou Park Development Co., Ltd., Quanzhou Transportation Development Group Co., Ltd., and Hui'an Xinggang Public Engineering Management Co., Ltd. hold 51%, 24%, 20%, and 5% of the equity in Dongqiao Thermal Power respectively. Among them, the first phase of the Quanhui Cogeneration project has already been completed.
Fujian Funeng Co., Ltd.'s (SHSE:600483) Prospects Need A Boost To Lift Shares
