Tesson Buys Contemporary Huazhi New Energy Technology for 98 Million Yuan; Shares Up 4%

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Tesson Buys Contemporary Huazhi New Energy Technology for 98 Million Yuan; Shares Up 4%

MT Newswires Live11:25

Tesson Holdings (HKG:1201) has bought a 100% stake in Contemporary Huazhi New Energy Technology Hong Kong from CCPOM Limited for 98.4 million yuan, according to a Sunday bourse filing.

The company said it will also buy subscription shares of Contemporary Huazhi New Energy worth 21.6 million yuan.

Additionally, Tesson has lent 10 million yuan to Fujian Times Huazhi New Energy Technology through its unit, Zhongneng Technology.

Shares were last up nearly 4% in Monday morning trading.

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