Huadian Power International to spend over RMB1.5 billion to acquire shares of Mengdong Energy and Fuyuan Thermal Power
2021-03-26 16:27:40 [Print]
Huadian Power International announced that the company plans to issue shares and convertible bonds to CCB Investment and BOC Investment to purchase 45
. 15% equity of Mengdong Energy and 36 . 86% equity of Fuyuan Thermal Power . After the completion of the transaction, Mengdong Energy and Fuyuan Thermal Power will become wholly-owned subsidiaries of the listed company . The transaction price of the underlying assets is tentatively RMB1,500 . 16 million (USD229 million).