China WindPower to sell stake in Gansu subsidiary

PUBLISHED : Monday, 23 May, 2011, 12:00am
UPDATED : Monday, 23 May, 2011, 12:00am

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China WindPower Group is to sell its 51 per cent stake in Guazhou Co, a developer of wind farms in Gansu province, for 494.814 million yuan (HK$591.3 million) to realise gains on past investments and generate cash for new projects.