Acquisitions from China Power (New Energy) Holdings Limited and China Power International New Energy Holding Limited

China Power International Development Limited ("China Power") (2380.HK), a core subsidiary of State Power Investment Corporation ("SPIC"), which is an integrated energy group that simultaneously owns thermal power, hydropower, nuclear power and renewable energy resources in the PRC, acquired the majority interests in 23 clean energy project companies from China Power (New Energy) Holdings Limited and China Power International New Energy Holding Limited (each an indirect non-wholly owned subsidiary of SPIC, an indirect controlling shareholder of China Power).

 

Morrow Sodali provided shareholder identification, corporate governance support and proxy solicitation services for the transaction.