GDG(SH:600098) Zheng Quan Ri Bao·2025-11-28 12:09Core Viewpoint - Guangzhou Development has approved the acquisition of a 35% stake in China Electric Power Construction Group (Lufeng) Pumped Storage Development Co., Ltd. through its wholly-owned subsidiary, Guangzhou Development Power Group Co., Ltd. [2] Summary by Relevant Sections - Acquisition Details - The acquisition involves purchasing a 35% stake from China Electric Power Construction Group Co., Ltd. at a price of 53.2535 million yuan [2] - The transaction will be completed according to the rules of the Beijing Property Exchange [2] - Corporate Actions - The board of directors of Guangzhou Development has passed the resolution during its 18th meeting of the 9th session [2] - The Power Group has signed the property transaction contract with the transferor as required [2] - Financial Implications - The transaction price is based on the asset evaluation report value that has been filed [2] - The remaining transaction payment will be made to the designated account of the Beijing Property Exchange as per the contract [2]