Longyuan Power (001289.SZ) plans to acquire a 49% stake in Badan Jilin Company to consolidate its competitive advantage in the new energy power market.

Smart Finance APP News, Longyuan Power (001289.SZ) announced that the company intends to acquire 49% equity of National Energy Bada Gansu (Gansu) Energy Development Investment Co., Ltd. ("Bada Gansu Company") held by State Energy Investment Group Co., Ltd. ("State Energy Investment Group"). After review and approval by the company's board of directors, the company agrees to purchase the target equity through a non-public agreement transfer at a price of 24.6317 million yuan.