China Resources Power rises on sale of coal assets previously embroiled in lawsuit

Shares of China Resources Power Holdings (CR Power) rose as much as 3.1 per cent on Monday after it unveiled the sale of four coal mining units, including two that were embroiled in a lawsuit. The legal challenge was brought by minority shareholders five years ago alleging CR Power directors – including disgraced former chairman Song Lin – of breaches of fiduciary duties related to a troubled acquisition. Senior executives of CR Power maintained in 2013 they were not aware of any irregularities concerning a controversial acquisition of coal mines…

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