Inner Mongolia Mengdian Huaneng Thermal Power (SHA:600863) plans to raise 2.67 billion yuan through share placement for the acquisition of two power companies, according to a Friday disclosure on the Shanghai bourse.
The power company aims to acquire 70% of Zhenglanqi Wind Power and 75.5% of Beifang Duolun New Energy for 5.34 billion yuan.
The company will place 771,864,503 shares to up to 35 investors for 3.46 yuan per share.
The remaining half of the acquisition's consideration will be paid through cash.
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