Zhongshan Public Utilities intends to acquire 100% equity of Wisdom Energy for 408 million yuan.

Zhongshan Public Utilities announced on July 21st that its wholly-owned subsidiary, Zhongshan Public Utilities Energy Development Co., Ltd., plans to acquire 100% equity of Zhongshan Public Utilities Smart Energy Co., Ltd. for 408 million yuan. This transaction will promote the development of the company's new energy business, accelerate the layout of the company's new energy-related industries, and enhance the asset size and industry competitiveness of the new energy sector.