Inner Mongolia Electric Power Energy provides asset purchase update

Inner Mongolia Electric Power Energy (SZSE:002128) announced an update on its proposed acquisition of Inner Mongolia Baiyinhua Coal and Electricity Co., a subsidiary of State Power Investment Corporation, via share issuance and cash payment. The company intends to raise supporting funds as part of the transaction. The deal is classified as a significant asset restructuring and related transaction but does not constitute a backdoor listing. While audit and valuation work is ongoing, a board meeting will be held to review the deal once completed. The transaction remains subject to shareholder approval and regulatory clearances. Investors are advised to heed the company's risk disclosure statement.