China's Huakong Power raises $693m strategic financing to up new energy play

China's Huakong Power raises $693m strategic financing to up new energy play

Photo by Tyler Casey on Unsplash

Huakong Power Group has sealed agreements to raise 5 billion yuan ($692.7 million) in strategic financing from two domestic investors, as the Chinese firm steps up its new energy commitments.

Edited by: Pramod Mathew

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