Inner Mongolia Electric Power continues asset acquisition progress

Inner Mongolia Electric Power Energy Co., Ltd. announced continued progress on its plan to acquire 100% equity in Inner Mongolia Baiyinhua Coal Power Co., Ltd. from State Power Investment Group. The acquisition will use a combination of share issuance and cash payments. This transaction is anticipated to constitute a significant asset reorganization and a related-party transaction, though not a reverse takeover.

As of October 14, 2025, the audit and valuation work related to the transaction remains incomplete. Upon completion of these financial processes, the company's board of directors will review the transaction, after which it will be submitted for approval by shareholders.

The company had previously disclosed the draft transaction plan and its summary on May 19, 2025, detailing the associated risks and required approvals. Subsequent updates were provided on June 20, July 17, August 16, and September 15, 2025. The transaction still requires further board and shareholder approvals, as well as regulatory clearance, and its ultimate success remains uncertain.