BRIEF-Inner Mongolia MengDian HuaNeng Thermal Power To Buy Stakes In Two Power Firms

Reuters07-09
BRIEF-Inner Mongolia MengDian HuaNeng Thermal Power To Buy Stakes In Two Power Firms

July 9 (Reuters) - Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd 600863.SS:

  • SAYS IT PLANS TO BUY STAKES IN TWO POWER FIRMS FOR COMBINED 5.7 BILLION YUAN ($793.87 million) VIA SHARE ISSUE, CASH

  • SAYS IT PLANS TO RAISE UP TO 2.9 BILLION YUAN VIA A-SHARE PRIVATE PLACEMENT TO FUND THE ACQUISITIONS

Source text

Further company coverage: 600863.SS

($1 = 7.1800 Chinese yuan renminbi)

(Reporting by Beijing Newsroom)

((Shi.Bu@thomsonreuters.com;))

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