Huaihe Energy(SH:600575) Zhong Guo Zheng Quan Bao·2025-11-06 01:27Core Viewpoint - The company has received approval from the Shanghai Stock Exchange for a significant asset acquisition involving the purchase of an 89.30% stake in Huaihe Energy Power Group from its controlling shareholder, Huainan Mining Group, for a total price of 11.694 billion yuan [2][3] Group 1: Transaction Details - The transaction price for the acquisition is set at 11.694 billion yuan, with a share issuance price of 3.03 yuan per share, resulting in the issuance of 3.281 billion shares, which will account for 45.77% of the total share capital post-issuance [2] - The company's stock closed at 3.84 yuan per share on November 5, prior to the announcement [2] Group 2: Business Operations - The target company primarily engages in thermal power generation and renewable energy generation, supported by a coal mine, leveraging the abundant coal resources in the Huainan mining area to establish a coal-electricity integrated operation model [2] - The operational model includes a competitive advantage in coal procurement, transportation, and storage, enhancing operational efficiency and profitability of the power generation units [2] Group 3: Strategic Implications - The transaction aims to inject high-quality assets into Huaihe Energy, facilitating the creation of a focused energy platform, enhancing the company's core business, and achieving operational synergies [3] - Post-transaction, the company's total share capital will increase to 7.167 billion shares, with Huainan Mining and its concerted parties holding an 80.08% stake, maintaining Huainan Mining as the controlling shareholder [3]