According to the Zhitong Finance APP, YNYW (600725.SH) has released a plan for issuing shares and paying cash to purchase assets and conduct related transactions. The listed company intends to acquire 100% equity of Honghe Power Generation held by Yunnan Electric Power Investment, Xiaolongtan Mining Bureau, and Hehe Co., Ltd. through the issuance of shares and cash payment. The issuance price is set at 2.60 yuan per share. The transaction consideration will be paid through a combination of issuing shares and cash, with the specific ratio of shares issued to cash payment to be determined through further negotiation between the listed company and the transaction counterparties, and an agreement will be signed. Given that the valuation and pricing of the transaction target have not yet been finalized, specific details will be determined through negotiation among the parties involved after the audit and evaluation of the target company are completed, and will be disclosed in the restructuring report.

It is reported that the Honghe Power Generation targeted for acquisition in this transaction is one of the main thermal power plants in the southern Yunnan region, with a confirmed installed capacity of 1,300 MW. Among them, two 300 MW circulating fluidized bed boiler generator units in the first phase have all been put into operation; a 700 MW high-efficiency ultra-supercritical CFB coal-fired power generation unit in the second phase is under construction and is expected to be put into operation in 2025. After the completion of this transaction, the listed company's main business will gradually shift to the development, construction, and management of thermal power plants