BRIEF-Hunan Energy To Buy Stakes In Four Hydropower Firms Via Share Issue, Cash

Reuters08-25

Aug 25 (Reuters) - Hunan Energy Group Development Co Ltd 000722.SZ:

SAYS IT PLANS TO BUY STAKES IN FOUR HYDROPOWER FIRMS VIA SHARE ISSUE, CASH FOR COMBINED 1.5 BILLION YUAN ($209.71 million)
SAYS IT AIMS TO RAISE UP TO 800 MILLION YUAN TO FUND THE ACQUISITION, BOOST CAPITAL

Source text

Further company coverage: 000722.SZ

($1 = 7.1529 Chinese yuan renminbi)

(Reporting by Beijing Newsroom)

((Ethan.Wang@thomsonreuters.com;))

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