Diantou Energy: intends to issue shares and pay cash to purchase the equity of Baiyinhua Coal Power, stock trading to resume.
The announcement by State Power Investment Corporation stated that the company is planning to issue shares and pay cash to purchase assets and raise matching funds for related party transactions. It intends to purchase the equity of Inner Mongolia Baiyinhua Coal-fired Power Co., Ltd. from State Power Investment Group through the issuance of shares and cash payment, and will raise matching funds according to specific circumstances. The company's stock has been suspended from trading since May 6, 2025, and the suspension will not exceed 10 trading days. On May 16, 2025, the company held the fourth interim board meeting of 2025 and passed relevant resolutions. After applying to the Shenzhen Stock Exchange, the company's stock will resume trading from May 19, 2025. As the audit and evaluation work related to this transaction is not yet completed, the board of directors has decided not to convene a shareholder meeting to discuss the matters related to this transaction. Once the relevant work is completed, the company will convene another board meeting and issue a notice for a shareholder meeting.
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