Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited agreed to acquire Xinghe Chaerhu Hairun Ecological Photovoltaic Power Generation Co., Ltd. for CNY 86.7 million.

Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited (SHSE:600863) agreed to acquire Xinghe Chaerhu Hairun Ecological Photovoltaic Power Generation Co., Ltd. for CNY 86.7 million on December 19, 2019. Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited will use own funds to make the acquisition. Upon completion, Xinghe Chaerhu Hairun Ecological Photovoltaic Power Generation Co., Ltd. will become a wholly-owned subsidiary of Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited. The transaction was unanimously approved by the Board of Directors of Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited.