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Shanghai Electric Power considers bid for ACS renewable assets

HONG KONG: Shanghai Electric Power Co is considering a bid for Spanish renewable energy assets owned by builder ACS’s Zero-E unit, according to people familiar with the matterHONG KONG: Shanghai Electric Power Co is considering a bid for Spanish renewable energy assets owned by builder ACS’s Zero-E unit, according to people familiar with the matterHONG KONG: Shanghai Electric Power Co is considering a bid for Spanish renewable energy assets owned by builder ACS’s Zero-E unit, according to people familiar with the matter

China’s most indebted firm is too big to fail

THERE’S a lot working against China’s most indebted property firm. China Evergrande Group is sitting on US$113.7bil in debt and its core profit fell 45% in the first half of the year.