Wenergy Wins Approval To Establish Finance Co.

Date:2011-10-27houhaizhen  Text Size:

October 27 -- Anhui Wenergy (000543.SZ), an Anhui-based power generation company, received approval from the China Banking Regulatory Commission to jointly establish a finance company with its parent, Anhui Energy Group, reports stcn.com, citing a company filing.

The registered capital of the finance company will be 300 million yuan, of which Wenergy will contribute 147 million yuan for a 49 percent stake.

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