MengDian HuaNeng asset acquisition to face SSE review

Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited (MengDian HuaNeng) announced that its proposed acquisition of assets and associated fundraising will be reviewed by the Shanghai Stock Exchange's Merger and Acquisition Restructuring Review Committee on December 11, 2025. The company intends to acquire 70% equity in North Shangdu Zhenglan Banner New Energy Co., Ltd. and 75.51% equity in North Duolun New Energy Co., Ltd. from North United Power Co., Ltd. through a combination of share issuance and cash payment, while also raising supporting funds.

The transaction's completion is contingent upon approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission.

MengDian HuaNeng highlights the inherent uncertainties regarding the approval and registration timeline. The company commits to timely information disclosure concerning the transaction's progress, urging investors to consider the associated risks. The announcement was issued by the company's board on December 5, 2025.