Jointo Energy Investment Co., Ltd. Hebei (SZSE:000600) entered into equity transfer contract to acquire 51% stake in Kailuan Xiexin Power Generation Co., Ltd. from Kailuan Group Industry Development Co., Ltd. for CNY 41.5 million on November 28, 2023. The transaction is approved by board of directors of Jointo Energy Investment Co., Ltd. Hebei. As on July 31, 2023, Kailuan Xiexin Power Generation Co., Ltd. generated total assets of CNY 1.9 billion and net assets of CNY 186.06 million.