Huaneng Lancang River Hydropower Inc. entered into an equity transfer agreement to acquire 49% stake in Huaneng Sichuan Energy Development Co., Ltd. from Huaneng Power International, Inc. for CNY 4.2 billion.

Huaneng Lancang River Hydropower Inc. (SHSE:600025) entered into an equity transfer agreement to acquire 49% stake in Huaneng Sichuan Energy Development Co., Ltd. from Huaneng Power International, Inc. (SEHK:902) for CNY 4.2 billion on September 6, 2023. As of March 31, 2023, Huaneng Sichuan Energy Development Co., Ltd. reported total assets of CNY 19.3 billion and net assets of CNY 5.5 billion. The deal has been approved by board of directors of Huaneng Power International, Inc.