Inner Mongolia Dian Tou Energy Corporation Limited announced that the company plans to acquire a 100% stake in State Power Investment Corporation Inner Mongolia Baiyinhua Coal and Power Co., Ltd. through a combination of share issuance and cash payment. Additionally, it intends to raise supporting funds by issuing shares to no more than 35 specific investors.
Recently, the company's actual controller, State Power Investment Corporation, received a reply from the State-Owned Assets Supervision and Administration Commission (SASAC) titled "Approval on Matters Related to Asset Restructuring and Supporting Financing of Inner Mongolia Dian Tou Energy Corporation Limited" (State-Owned Property Rights [2025] No. 528). SASAC has granted preliminary approval for the overall plan of the asset restructuring and supporting financing.
The restructuring is still subject to approval by the company's shareholders' meeting, review by the Shenzhen Stock Exchange, registration consent from the China Securities Regulatory Commission, and other necessary approvals, filings, or permits as required by relevant laws and regulations.
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