GD Power Development Co., Ltd (SHSE:600795), Guodian Xinjiang Power Co., Ltd., and Guodian Jiangsu Power Co. Ltd. agreed to acquire stake in Portfolio of 6 Companies in China from China Guodian Corporation and Guodian Fuel Co., Ltd on December 6, 2016. Under the portfolio of 6 companies includes China Guodian Group Company Dawukou Power Plant, Guodian Shuozhou Coal Industry Co., Ltd., 55% in Guodian Xinjiang Kaidu River Valley Hydro-Power Developing Co., Ltd., 64.56% in Guodian Aksu River Valley Hydropower Development Co.,Ltd., 20% in Guodian Qingsong Kuche Mining Industry Development Co., Ltd., 51% in Guodian Suqian Thermoelectricity Co., Ltd. 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.