Acquisition to power Datang capacity
By Wan Zhihong | China Daily | Updated: 2007-04-03 06:51
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A Datang International booth at a Beijing exhibition. Sha Lang |
Datang will pay 1.82 billion yuan to buy a Hong Kong company that owns 55 percent of Jinzhou East Power, the Beijing-based company said in a statement to the Hong Kong stock exchange yesterday.
"Compared with building new power-generating facilities, the deal is an easy way for Datang to boost its generating capacity, and the price is reasonable," Datang Power said.
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