Huaihe Energy plans to buy 89.3% stake in power company

Huaihe Energy plans to buy 89.3% stake in power company

Huaihe Energy: Plans to acquire 89.30% equity of the Power Group held by Huainan Mining through the issuance of shares and cash payment, with a transaction price of 11.694 billion yuan

Huaihe Energy Q3 Net Profit Up 14.0% Y/Y

Huaihe Energy Group Co Ltd :Q3 NET PROFIT UP 14.0% Y/Y

Huaihe Energy: Plans to issue shares and pay cash to acquire 89.30% equity in the Power Group

Huaihe Energy announced that the company plans to acquire 89.30% equity of Huaihe Energy Power Group held by its controlling shareholder Huainan Mining through the issuance of shares and cash payment, which constitutes a major asset restructuring and related party transaction, without leading to a change in the actual controller, and does not constitute a restructuring listing. The company previously received an inquiry letter from the Shanghai Stock Exchange and disclosed draft documents and other materials. Compared to the draft, the draft has revised and improved several chapters, including definitions, transaction overview, and transaction parties

Huaihe Energy established a virtual power plant technology company in Anhui

According to the Qichacha APP, recently, Anhui Huaihe Energy Virtual Power Plant Technology Co., Ltd. was established with a registered capital of 20 million yuan. The business scope includes: big data services; industrial internet data services; data processing services; data processing and storage support services, etc. Qichacha's equity penetration shows that the company is wholly owned by Huaihe Energy