NMHD(SH:600863) 中国能源报·2026-02-05 10:49Core Viewpoint - The successful completion of the merger and acquisition project by Inner Mongolia Huadian, a listed company under China Huaneng Group, marks a significant transformation and improvement in the quality and core competitiveness of the company's listed entities [1]. Group 1: Merger and Acquisition Details - Inner Mongolia Huadian issued 536 million shares at a price of 4.94 yuan per share, raising a total of 2.65 billion yuan for the acquisition [1]. - The project involved acquiring controlling rights to high-quality wind power assets with a total installed capacity of 1.6 million kilowatts from the controlling shareholder, Northern Company, for a price of 5.336 billion yuan [1]. Group 2: Market Performance and Investor Sentiment - The issuance price of 4.94 yuan per share represents a premium of nearly 7% compared to the 20-day average price prior to the issuance and a premium of nearly 4% compared to the closing price on the trading day before the issuance [1]. - This project is noted as the only instance in recent years within the power industry to achieve a market-based premium issuance, setting a best practice case for targeted placements among listed companies in the power sector [1]. - The successful fundraising reflects strong recognition of the Huaneng brand value by market investors, showcasing the company's excellent governance [1].