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Saturday, November 23, 2024

Home Business China based company acquires renewable energy firm in Pakistan

China based company acquires renewable energy firm in Pakistan

by News desk
December 4, 2023
in Business

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China-based M/s. CNNP Rich Energy Co. Ltd. strategically invests in Pakistan’s renewable energy sector through its wholly-owned subsidiary, M/s. CRE International Co., Limited.

The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s. Super Success Investments Limited (SSIL) by M/s. CRE International Co., Ltd. CRE is the wholly owned subsidiary of CNNP Rich Energy Co. Limited, located in Hong Kong. M/s. Super Success Investments Limited (SSIL) is based in Mauritius, according to a press release issued here on Sunday.

SSIL owns a 100 percent shareholding in M/s. UEP Wind Power (Private) Limited.—APP