The company plans to acquire 100% equity of the post-reform electric power enterprise that controlled by its biggest shareholder SDIC.
Price is a key issue for acquisition to create profit for the company’s original shareholder.
Electric power sector the company will wholly go public on completion of the acquisition.
After the acquisition, equity installment of its hydroelectric power & wind power unit will be substantially promoted and power configurations to be greatly improved.
We identify with the company’s assets integration mode and acquisition preplan, and we hereby maintain rating of “Cautious” for the counter.