China Huadian Corporation Ltd. agreed to acquire a 20.92% stake in Shenyang Jinshan Energy Co., Ltd. (SHSE:600396) from Huadian Energy Company Limited (SHSE:900937) for CNY 930 million on August 29, 2022. China Huadian Corporation Ltd. shall pay the 30% of the consideration within 5 working days from the signing of the agreement and the remaining 70% shall be paid after the approval of the shareholders. The transaction has been approved by the board of Huadian Energy Company Limited and is still subject to approval by the shareholders of Huadian Energy Company Limited. As on September 15, 2022 shareholders of Huadian Energy Company Limited approved the transaction.

China Huadian Corporation Ltd. completed the acquisition of 20.92% stake in Shenyang Jinshan Energy Co., Ltd. (SHSE:600396) from Huadian Energy Company Limited (SHSE:900937) on November 10, 2022.