Core Viewpoint - The company plans to acquire a 63% stake in Wuling Power from China Power International Development Co., Ltd., a 37% stake from Hunan Xiangtou International Investment Co., Ltd., and a 64.93% stake in Guangxi Changzhou Hydropower Development Co., Ltd. from State Power Investment Corporation Guangxi Electric Power Co., Ltd. The acquisition will be financed through a combination of share issuance and cash payment, along with raising supporting funds from no more than 35 qualified specific investors [1][1][1] Group 1 - The company intends to purchase a total of 100% equity in Wuling Power, with 63% from China Power International and 37% from Hunan Xiangtou [1] - The company also aims to acquire a 64.93% stake in Guangxi Changzhou Hydropower Development Co., Ltd. from State Power Investment Corporation [1] - The Shanghai Stock Exchange's M&A Review Committee approved the transaction, confirming it meets restructuring conditions and information disclosure requirements [1][1][1]
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