Core Viewpoint - Huadian International plans to acquire significant energy assets to enhance its market competitiveness and financial performance through a share issuance and cash payment transaction [1][2]. Group 1: Transaction Details - Huadian International intends to purchase 80% of Huadian Jiangsu Energy Co., Ltd. from China Huadian and acquire various stakes in other companies for a total transaction value of approximately 7.167 billion yuan, with 3.738 billion yuan paid in cash and 3.428 billion yuan through shares [1]. - The total installed capacity of the acquired assets is approximately 16.06 million kilowatts, which will increase Huadian International's total capacity to about 75.88 million kilowatts, representing a 26.85% increase in its installed capacity [1]. Group 2: Financial Impact - The restructuring is expected to enhance the company's asset scale and profitability, leading to an increase in net profit attributable to shareholders and an improvement in earnings per share [2]. - The fundraising of up to 3.428 billion yuan will allocate 2 billion yuan for the expansion project of Huadian Wangting's 2×66 MW units, with the remaining funds used for cash payments, intermediary fees, and related taxes [2]. Group 3: Regulatory and Procedural Aspects - The stock of Huadian International was suspended from trading on July 19, 2024, due to the planned transaction and resumed on August 2, 2024 [3]. - The financial data in the transaction application documents is based on a cut-off date of June 30, 2024, with the validity of the financial information expiring on March 31, 2025, necessitating additional submissions [3]. Group 4: Updates and Comparisons - The current draft updates the financial data for the year 2024 compared to the previous draft disclosed on March 21, 2025 [4].
为进一步减少同业竞争 华电国际拟以超71亿元购买关联方资产