Huadian Energy Acquisition 70% Equity in the mining industry

NetEase Financial November 5 News Huadian Energy announcement, the company intends to acquire CHENBAERHU Mining Limited liability company 70% Equity.　　After the transfer of the shareholding structure, the company holds a 70% per cent stake in the target company, Hegang Dongxing Group Co., Ltd. holds a 20% per cent stake in the target company, and the natural person Ma Hongxiang retains its 10% per cent stake in the target company. The announcement also shows that, as a result of the acquisition of a debt-bearing equity transfer form, the acquisition price includes the transfer of equity and the day shun mining industry debt repayment funds.　　Among them, 90% equity on the price of 100 million yuan, liabilities of 438 million yuan, as well as the new resource price of 20 million yuan.　　In the days of mining 90% Equity in the price, Huadian Energy will contribute 78.39 million yuan, Dongxing group Capital contribution of 22.34 million yuan; Huadian Power today closed at 4.02 Yuan, up 2.29%.