BUZZ-HK-listed Guodian Technology surges on sale of turbines producing unit stake

** Shares of Guodian Technology & Environment Group Corp Ltd

rise 8.6% to HK$0.38, their highest since June 1

** Stock last up 13.8% so far this week, on track for the best weekly gain in over 3 months

** The clean technology solutions and service group has agreed to sell 40% of Guodian United Power to controlling shareholder China Energy Investment Corp through equity transfer and capital injection, reducing its stake in the unit to 30%

** Says the disposal will reduce its gearing ratio and financial risks while improving its liquidity and ability to resist financial risks

** Co will sell 15.68% of the wind turbines producing unit to China Energy for 407.7 mln yuan ($63.5 mln). China Energy and its controlled China Longyuan Power will then inject a total 2.11 bln yuan into the unit, diluting the company's stake in Guodian United Power to 30%

** Says Longyuan Power's stake in the unit will remain unchanged at 30% after the deal

** China Energy is the controlling shareholder holding 78.4% of Guodian Technology and 58.44% of Longyuan Power

** Longyuan Power shares rise 3.4%

** The Hong Kong composite Industry Index tracking energy stocks slips 0.2%

** The Hang Seng China enterprises index climbs 0.2%, and the benchmark index gains 0.3%

($1 = 6.4226 Chinese yuan renminbi)

(Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)