China Huadian Corporation: Receives the State-owned Assets Supervision and Administration Commission's preliminary approval for the overall asset restructuring and financing plan.
The announcement of China Energy Investment Corporation states that the company plans to acquire 100% equity of Inner Mongolia Baiyin Hua Coal Power Co., Ltd. from the State Power Investment Corporation through the issuance of shares and cash payment, and intends to issue shares to no more than 35 specific investors to raise supporting funds. Recently, the actual controller of the company, State Power Investment Corporation, received the approval from the State-owned Assets Supervision and Administration Commission of the State Council on the matters related to the asset restructuring and supporting financing of Inner Mongolia Electric Power Energy Co., Ltd. The State-owned Assets Supervision and Administration Commission of the State Council principle agrees with the overall plan of the company's asset restructuring and supporting financing. This restructuring still needs to be reviewed by the company's shareholders' meeting, approved by the Shenzhen Stock Exchange, and approved by the China Securities Regulatory Commission for registration, as well as other necessary approvals, approvals, filings, or permits as required by relevant laws and regulations.
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