Core Viewpoint - The company, Huaihe Energy, is in the process of acquiring a total of 100% equity in Huaihe Power by first purchasing 89.3% from its parent company, Huainan Mining, and then acquiring the remaining 10.7% from Guokai Fund through a public bidding process [1][4][8]. Group 1: Acquisition Details - Huaihe Energy announced its intention to acquire 89.3% of Huaihe Power's equity, which has already received preliminary approval from the Anhui State-owned Assets Supervision and Administration Commission [4][7]. - The acquisition of the remaining 10.7% equity from Guokai Fund is set at a base price of 1.194 billion yuan [8]. - If both acquisitions are completed successfully, Huaihe Energy will hold 100% of Huaihe Power [3][8]. Group 2: Historical Context - This marks the third attempt by Huaihe Energy to acquire equity from Huainan Mining or its subsidiaries since 2019 [6]. - The relationship between Huaihe Energy and Huainan Mining has involved multiple asset restructurings and acquisitions since 2010 [9]. - Huainan Mining holds a 56.61% stake in Huaihe Energy, making it the controlling shareholder [4]. Group 3: Financial Performance - For the year 2024, Huaihe Energy reported a revenue of 30.021 billion yuan, reflecting a year-on-year increase of 9.83%, and a net profit attributable to shareholders of 858 million yuan, up by 2.17% [9].
淮河能源 拟收购淮南矿业子公司100%股权