April 28, 2017 / 2:50 PM / 8 months ago

BRIEF-GCL New Energy enters into multiple agreements

April 28 (Reuters) - Gcl New Energy Holdings Ltd:

* Entered into Huarong EPC Agreement between Huarong Gcl New Energy, unit as principal and Xi‘an Datang Electric as contractor

* Huarong Epc Agreement in relation to Huarong Project at estimated consideration of RMB614.9 million

* Xi‘an Datang Electric, Nanjing Gcl New Energy and Sanmenxia Gcl New Energy entered into Henan Sanmenxia Equipment Purchase Agreement

* Henan Sanmenxia Equipment Purchase Agreement in relation to sale and purchase of certain system equipment at consideration of RMB228.9 million

* Entered into Henan Sanmenxia Epc Agreement between Sanmenxia Gcl New and Xi‘an Datang Electric related to Henan Sanmenxia Project for RMB269.3 million

* Xi‘an Datang Electric and unit of co & Huarong Gcl New Energy entered into Huarong Equipement purchase deal for system equipment for Huarong Project

* Deal for Huarong Equipment purchase agreement of RMB512.0 million Source :(bit.ly/2pbQKfY) Further company coverage:

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