Jilin Electric Power Co.,Ltd. (SZSE:000875) agreed to acquire Zhenying Huaxing Wind Power Co., Ltd. from Mengdong Xiehe New Energy Co., Ltd. for approximately CNY 240 million on December 30, 2019. The transaction was approved by the Board of Directors of Jilin Electric. As on December 31, 2018, Zhenying Huaxing Wind Power had total assets of CNY 567.4 million, revenue of CNY 94.3 million and net profit of CNY 15.5 million.