Huainan Mining Industry (Group) agreed to inject 152.8 million yuan into the registered capital of China Power International Development (HKG:2380) unit Anhui Huainan Pingwei Electric Power for an 11% stake, a Dec. 6 bourse filing said.
Following completion, the company's equity holding in Pingwei Power will decline to 49% from 60% previously and the latter will cease to be a unit of the former.
Huainan Mining currently owns a 40% stake in Pingwei Power, which engages mainly in the generation and sales of coal-fired power.
The move comes about in order for the parties to deepen their existing collaboration of coal-and-power joint-operation related to new project development and equity restructuring.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。