China Datang Corporation Nuclear Power Co., Limited announced that it expects to receive CNY 850 million in funding from China Datang Corporation Ltd., Datang International Power Generation Co., Ltd.
April 25, 2024
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China Datang Corporation Nuclear Power Co., Limited announced a private placement of CNY 850 million on April 26, 2024. The transaction include participation from returning investors China Datang Corporation Ltd. for CNY 510 million and Datang International Power Generation Co., Ltd for CNY 340 million. Post the completion of the transaction, the total investment of Datang International Power Generation Co., Ltd in the company will be CNY 1,269.0123 million and The total investment of China Datang Corporation Ltd in the company will be CNY 1,903.5184 million. The total shareholding of Datang International Power Generation Co., Ltd would remain at 40% and China Datang Corporation Ltd total shareholding would remain at 60%. The company's registered capital is increase from CNY 2,322,530,700 to CNY 3,172,530,700. The transaction has been approved at the twenty-seventh meeting of the eleventh
session of the Board of the company. The transaction is expected to close on December 20, 2024.
Datang International Power Generation Co., Ltd. is a power generation company. The principal activities of the Company are power generation and power plant development in the People's Republic of China (PRC). It is also engaged in activities, including the sale of electricity and thermal power, repair and testing of power equipment, power related technical services, coal trading, chemical products manufacturing and selling, coal chemistry, transportation and recycling. The Company's segments include Power generation, Coal, Chemical and Other. The power generation businesses of the Company and its subsidiaries are primarily distributed across Beijing, Tianjin, Hebei Province, the Inner Mongolia Autonomous Region, Shanxi Province, Liaoning Province, Gansu Province, Sichuan Province and the Tibet Autonomous Region, among others. The power generation business includes coal-fired power projects, hydropower projects, photovoltaic projects and wind power projects.
China Datang Corporation Nuclear Power Co., Limited announced that it expects to receive CNY 850 million in funding from China Datang Corporation Ltd., Datang International Power Generation Co., Ltd.