IN BRIEF (Page 14)

Huangdao stake

China Datang Group (CDG), parent of the listed electricity producer Datang International Power Generation Co, has agreed to buy an 80 percent stake in Huangdao Power Plant in Shandong province from Qingdao Guoxin Development (Group) Co Ltd.

According to a deal signed yesterday, China Datang Group will pay 1.8 billion yuan for the stake. After that, Huangdao Power will become the first business entity of Datang Group in the northern province.