Zigong Fengzhi Huasha Technology Co., Ltd., Zigong Yunyue Electric Power Equipment Co., Ltd., Zigong Yingshangchun New Materials Co., Ltd., and Zigong Jinxidian Machinery Manufacturing Co., Ltd. agreed to acquire 15.472% stake in Bank of Zigong Co.,Ltd. from China Western Power Industrial Co., Ltd. for CNY 856.28 million
December 13, 2023
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Zigong Fengzhi Huasha Technology Co., Ltd., Zigong Yunyue Electric Power Equipment Co., Ltd., Zigong Yingshangchun New Materials Co., Ltd., and Zigong Jinxidian Machinery Manufacturing Co., Ltd. agreed to acquire 15.472% stake in Bank of Zigong Co.,Ltd. from China Western Power Industrial Co., Ltd. (SZSE:002630) for CNY 856.28 million on December 13, 2023. The internal competent authority of the counterparties already approved the transaction. This transaction still needs to be approved by the China Western Power Industrial Co., Ltd. shareholders?
meeting. HwaBao Securities Co.,Ltd. acted as financial advisor to China Western Power Industrial Co., Ltd.
China Western Power Industrial Co., Ltd. is a China-based company, principally engaged in the manufacture and distribution of boilers and related products. The Company operates its businesses through three segments. The Equipment Manufacturing segment is engaged in the design, manufacture and distribution of power station boilers, alkali recovery boilers, waste incineration power boilers, as well as other industrial boilers, special boilers and others. The Engineering General Contracting segment is engaged in the general contracting of electric power engineering construction projects and municipal public engineering construction projects. The Investment and Operation segment is engaged in the long-term equity investment, as well as the investment and operation of power plants. The Company is also engaged in the provision of boiler ancillary products and others. The Company distributes its products within domestic market and to overseas markets.
Zigong Fengzhi Huasha Technology Co., Ltd., Zigong Yunyue Electric Power Equipment Co., Ltd., Zigong Yingshangchun New Materials Co., Ltd., and Zigong Jinxidian Machinery Manufacturing Co., Ltd. agreed to acquire 15.472% stake in Bank of Zigong Co.,Ltd. from China Western Power Industrial Co., Ltd. for CNY 856.28 million
CHINA WESTERN POWER INDUSTRIAL CO., LTD. 
