Inner Mongolia Datang International Tuoketuo Power Generation Co.ltd. announced that it expects to receive CNY 762.5313 million in funding from Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited, Datang International Power Generation Co., Ltd., Beijing Jingneng Power Co., Ltd.
March 02, 2023
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Inner Mongolia Datang International Tuoketuo Power Generation Co.ltd. announced that it will receive CNY 762,531,300 in an equity round of funding on March 3, 2023. The transaction will include participation from Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited, Datang International Power Generation Co., Ltd., Beijing Jingneng Power Co., Ltd. After completion of the transaction, the investor will acquire 15%, 60%, and 25% stake respectively in the transaction. The transaction has been reviewed and approved at the 17th meeting of the 7th board of directors of the company. The transaction does not need to be submitted to the company's general meeting of shareholders for consideration. The project capital will be injected in batches according to the construction progress of the project.
On March 2, 2023, the company announced that Shanghai Stock Exchange has accepted the application for issuing stocks to specific objects.
Beijing Jingneng Power Co Ltd is a China-based company mainly engaged in the production and sales of electric and thermal products, operation of electric power equipment, testing and repair of power generation equipment, and sales of desulfurization gypsum. The power business is mainly engaged in coal-fired power generation and heat supply, with new energy power generation businesses such as wind power and photovoltaic being added, and it also involves investment in comprehensive energy services, coal mines and other projects. The electricity sales business is mainly engaged in power supply in Inner Mongolia, Shanxi, Ningxia, Hebei, Henan, Hubei and other regions. The Company mainly operates its businesses in the domestic market.
Inner Mongolia Datang International Tuoketuo Power Generation Co.ltd. announced that it expects to receive CNY 762.5313 million in funding from Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited, Datang International Power Generation Co., Ltd., Beijing Jingneng Power Co., Ltd.