VPower Group International Holdings Limited (“VPower Group”, SEHK: 1608), one of the leading gas-fired engine-based DPG station investors and operators in Southeast Asia, is pleased to announce that the Group has entered into a memorandum of understanding with CITIC Pacific Limited, a subsidiary of CITIC Limited (stock code: 267), (collectively “CITIC”), to explore the acquisition opportunities on the clean and renewable power generation projects in Southeast Asia, meanwhile jointly invest and develop certain gas-fired power stations in South East Asia through establishing a joint venture company.
Mr. Rorce AU YEUNG, Co-Chief Executive Officer of VPower Group, said, “CITIC Pacific