NYOCOR (600821.SH) plans to jointly invest in and construct the Weihe coal power project with related party Jinrong Guojin.

NYOCOR (600821.SH) announced that its wholly-owned subsidiary NYOCOR (Guizhou) Energy Co., Ltd. ("Jinkai Guizhou") plans to acquire a controlling stake in Guiyang Energy Group Hezhang Power Co., Ltd. (the "Target Company"), with a post-acquisition shareholding ratio of no less than 60%. The Target Company holds the under-construction Guizhou Weihe 2660MW ultra-supercritical circulating fluidized bed coal power project (the "Weihe Project" or the "Target Project"). Tianjin Jinrong Guojin Investment Co., Ltd. ("Jinrong Guojin" or the "Related Party"), a wholly-owned subsidiary of the Company's indirect controlling shareholder Tianjin Jinrong Investment Service Group Co., Ltd., plans to acquire a 7.50% stake in the Target Company. Upon completion of the equity acquisitions, Jinkai Guizhou and Jinrong Guojin will collectively hold no less than 67.50% of the Target Company. The Target Company, Guiyang Energy Group Hezhang Power Co., Ltd., holds the Target Project the Guizhou Weihe 2660MW ultra-supercritical circulating fluidized bed coal power project. The Target Project is located in Caishen Town, Hezhang County, Bijie City, Guizhou Province, and is planned to build 2660MW ultra-supercritical circulating fluidized bed coal-fired generating units burning high-sulfur anthracite, with synchronous construction of flue gas desulfurization and denitrification facilities and related auxiliary public facilities, with a total installed capacity of 1,320MW.