GD Power Development Co.,Ltd (SHSE:600795), Guodian Xinjiang Power Co., Ltd. and Guodian Jiangsu Power Co. Ltd. agreed to acquire 60% of Guodian Dawukou Thermal Power and 23% of Zhejiang Zheneng Yueqing Power Generation from China Guodian Corporation and Guodian Fuel Co., Ltd on December 6, 2016. For the year ended December 31, 2016, Zhejiang Zheneng Yueqing Power Generation Co. Ltd. reported total assets of CNY 7.01 billion, total equity of CNY 2.5 billion, revenue of CNY 3.9 billion, operating profit of CNY 405.9 million, and net profit of CNY 296.4 million. On December 21, 2016, the shareholders of GD Power Development approved the deal. GD Power Development Co.,Ltd (SHSE:600795), Guodian Xinjiang Power Co., Ltd. and Guodian Jiangsu Power Co. Ltd. completed the acquisition of 60% of Guodian Dawukou Thermal Power and 23% of Zhejiang Zheneng Yueqing Power Generation from China Guodian Corporation and Guodian Fuel Co., Ltd in December 2016.