Jiaozuo Wanfang Group purchased electric plant shares to perfect aluminium electricity industry chain

Jiaozuo Wanfang Group purchased 70% shares of AES Wanfang, a thermal power generation company, to realize exclusive share hold, which can lower the company¡¯s electricity cost, perfect aluminium electricity industry chain and promote its capability in venture resistant.

AES Wanfang agreed to sell 70% of its stock of 76.88 million dollars on August 5. Jiaozuo Wanfang Group is now the exclusive holder of AES Wanfang.

During the first three months of 2008, Jiaozuo Wanfang realized sales income 1.465 billion yuan, up 39.79% year-on-year; net profit 0.224 billion 

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