Guangzhou Development Group Incorporated (SHSE:600098) intends to acquire 35% stake in Shenzhen Energy Bright Power Co., Ltd. from Shenzhen Energy Group Co., Ltd. (SZSE:000027) for approximately CNY 211 million on October 28, 2022. Transaction was approved by board of directors of Guangzhou Development Group Incorporated (SHSE:600098) unanimously on October 28, 2022.