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Guodian Tech&Environment agreed to sell a 15.68% stake in Guodian United Power to China Energy for CNY408 million, as part of a broader restructuring that also includes capital increases by China Energy and Longyuan Power.
Longyuan Power agreed to invest CNY632 million in Guodian United Power as part of a capital increase and equity restructuring involving China Energy and Guodian Tech&Environment. The deal aims to improve Guodian United Power's financial position and expand its wind turbine manufacturing capacity.