Henan Yuneng Holdings Co.,Ltd. and China Resources Power Technology Research Institute Co., won a bid to acquire China Resources Power Energy Science & Technology Co., Ltd. from Henan Enpai Hi-Tech Group Co., Ltd. for CNY 8.1 million.
January 04, 2018
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Henan Yuneng Holdings Co.,Ltd. (SZSE:001896) and China Resources Power Technology Research Institute Co., won a bid to acquire China Resources Power Energy Science & Technology Co., Ltd. from Henan Enpai Hi-Tech Group Co., Ltd. for CNY 8.1 million on December 12, 2017. Under the transaction, Henan Yuneng Holdings Co.,Ltd. acquires 20% stake and China Resources Power Technology Research Institute Co., acquires 80% stake. The transaction does not need any Directorate approval.
Henan Yuneng Holdings Co., Ltd. is a China-based company principally engaged in the thermal power production businesses. The Company mainly operates through three business segments. The Power Products segment is mainly engaged in the provision of electricity and thermal energy products, including thermal power, heating, wind power, photovoltaic and other new energy power supply businesses. The Coal Business segment is mainly engaged in the coal purchase and sales, the coal matching, storage, transportation and other business, as well as related accounts receivable factoring financing business. The Others segment is mainly engaged in the provision of equipment maintenance, environmental protection facilities improvements, power generation by-product sales and logistics services. The Company mainly operates its businesses in the Central China market.
Henan Yuneng Holdings Co.,Ltd. and China Resources Power Technology Research Institute Co., won a bid to acquire China Resources Power Energy Science & Technology Co., Ltd. from Henan Enpai Hi-Tech Group Co., Ltd. for CNY 8.1 million.
HENAN YUNENG HOLDINGS CO.,LTD. 
