Inner Mongolia MengDian HuaNeng progresses with asset purchase

Inner Mongolia MengDian HuaNeng Thermal Power (SSE:600863) announced it is progressing with its plan to acquire a 60% stake in Northern United Power's subsidiary, Northern Shangdu Zhenglanqi New Energy, and a 75.51% stake in Northern Duolun New Energy from Northern United Power, through a combination of share issuance and cash payment, alongside raising supporting funds. The company had previously suspended trading of its shares on February 11, 2025, before resuming on February 21, 2025. Northern United Power has committed to extending the lock-up period for shares received in the deal to 60 months. The involved assets are undergoing audit, valuation, and due diligence. The company will convene a board meeting and shareholder meeting to approve the transaction. The company cautions investors about potential investment risks.