Mon 02/01/2021 04:19 AM
Shanghai state-owned enterprise Shenergy Group Limited is still in the process of taking over the 41% stake sale of equity interest in Xinjiang Guanghui Industrial Investment from China Evergrande Group despite the expiration of the original long stop date, Jan. 31, said two sources familiar with the matter.
Shenergy is still seeking approval from the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) completed due diligence regarding the stake sale in December...
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