Huadian Yunnan Power Generation Corporation Limited won a bid to acquire 23% stake in Yunnan Huadian Jinshajiang Middlestream Hydropower Development Co., Ltd. from Huaneng Lancang River Hydropower Co., Ltd. (SHSE:600025) for CNY 6.1 billon on October 30, 2018. Huadian Yunnan Power Generation Corporation Limited signed an agreement to acquire 23% stake in Yunnan Huadian Jinshajiang Middlestream Hydropower Development Co., Ltd. from Huaneng Lancang River Hydropower Co., Ltd. on December 11, 2018. Under the terms of the transaction, 60% of consideration is to be paid within 5 days from signing of the contract and the balance is to be paid on or before December 10, 2019. The transaction has been approved by the shareholders of Huaneng Lancang River Hydropower Co., Ltd.