Dalian Huarui Heavy Industry Group Co., LTD. (SZSE:002204) agreed to acquire 18% stake in Huadian Hulin Wind Power Co., Ltd. from Sinovel Wind Group Co., Ltd. (SHSE:601558) for an enterprise value of CNY 48.08 million on December 28, 2018. On January 15, 2019, The transaction has been approved by Dalian Huarui Heavy Industry Group Co., LTD. (SZSE:002204) board and shareholders of Sinovel Wind Group Co., Ltd. (SHSE:601558).

Dalian Huarui Heavy Industry Group Co., LTD. (SZSE:002204) completed the acquisition of 18% stake in Huadian Hulin Wind Power Co., Ltd. from Sinovel Wind Group Co., Ltd. (SHSE:601558) on December 24, 2019.