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English > Industry&Companies > Industry-Breaking News>Huaneng Approved to Buy Luneng Assets

Huaneng Approved to Buy Luneng Assets

02-12 12:37 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-02-11/110055254.html

» Huaneng Shandong Power won government approval to acquire a 56.53 percent stake in Luneng Taishan Cable and Appliance Co, the holder of Luneng Taishan Cable Co.

» The deal will be valued at 637 million yuan.

» After the purchase, Huaneng Group will indirectly hold a 18.54 percent controlling stake in Luneng Taishan Cable Co.

 

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