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Far East Cable Buys 51% Interest in Intelligence Power to Set Foot in New Energy Market
Jun 26,2014 14:26CST
company news
Source:SMM
Far East Cable Co. signed an agreement with Shanghai Intelligence Power Ltd. on June 23 to acquire 51% stake in the latter for 179.85 million yuan.

SHANGHAI, Jun. 26 (SMM) – Far East Cable Co. signed an agreement with Shanghai Intelligence Power Ltd. on June 23 to acquire 51% stake in the latter for 179.85 million yuan ($29.17 million), it told Shanghai Stock Exchange June 25.

Intelligence Power is a company engaging in power generation and distribution, especially with new energy. The transaction will allow Far East Cable to set foot in new energy investment.
 

Far East Cable Co.

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