On December 20, Glonghui reported that Yunnan Yunwei (600725.SH) announced a plan to purchase 100% equity of Honghe Power from Yunnan DianTou, Xiaolongtan Mining Bureau, and Hehe Shares by issuing shares and paying Cash. As of the date of this summary of the plan, the audit, assessment, and due diligence work related to this transaction have not yet been completed, and the specific transaction price of the symbol Assets has not been determined.
The Honghe Power being acquired in this transaction is one of the main thermal power plants in the southern Yunnan region, with a confirmed installed capacity of 1,300MW. The first phase consists of two 300MW circulating fluidized bed Generator units that have all been put into operation; the second phase has a 700MW efficient ultra-supercritical CFB coal-fired Generator unit under construction, expected to commence operation in 2025. After the completion of this transaction, the listed company's main operation will gradually shift to the development, construction, and management of thermal power plants.
Following the application to the Shanghai Exchange, the company's stocks will resume trading on December 23, 2024 (Monday) at market opening.
