GD Power to transfer equity and assets of subordinate seven coal power enterprises
2020-12-31 11:30:40 [Print]
GD Power announced on December 30 that the company intended to transfer 50% equity of Xukuang Hami Energy to CHN Energy Group Xinjiang Company at the transfer price of RMB204 million (USD31.24 million); Beijing GD Power, the company's holding subsidiary, intended to transfer 100% equity of Wucaiwan Company as well as all assets and related liabilities of Midong Thermal Power Plant to CHN Energy Group Guoyuan Power respectively at the transfer prices of RMB2.052 billion (USD315 million) and RMB835 million (USD128 million); GD Power Xinjiang Company, a wholly-owned subsidiary of Beijing GD Power, intended to transfer 100% equity of Hongyanchi Company, 100% equity of Karamay Company, 84.17% equity of Kuche Company and 50% equity of Hami Coal Power to CHN Energy Group Xinjiang Company at the transfer prices of RMB285 million (USD43.71 million), RMB517 million (USD79.28 million), RMB356 million (USD54.59 million) and RMB497 million (USD76.22 million) respectively.
GD Power stated that the assets transferred this time were mainly thermal power assets. After the completion of these deals, the company's holding installed capacity will reduce by 5.96 million kilowatts. The company has no thermal power assets in Xinjiang and will further optimize the company's power supply structure and asset layout.
GD Power stated that the assets transferred this time were mainly thermal power assets. After the completion of these deals, the company's holding installed capacity will reduce by 5.96 million kilowatts. The company has no thermal power assets in Xinjiang and will further optimize the company's power supply structure and asset layout.
