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AGREEMENT WITH HUAIAN INVESTMENT CO ON TRANSFERRING INTEREST.
(Full text of a statement. Contact details below.)
BEIJING, Jan. 2 /XFNHK-AsiaNet/ -- Huaneng Power International, Inc. (the Company) (NYSE: HNP; HKEx: 902; SSE: 600011) today announced that it has signed an equity transfer agreement with Huaian Investment Company, pursuant to which Huaian Investment Company will transfer its 19.48 per cent equity interest and its developing right of the phase II project of the Jiangsu Huaneng Huaiyin Power Generation Limited Liability Company (Huaiyin Power Plant) to the Company. The consideration amounted to RMB 185 million. The agreement was effective on December 31, 2002 and as a result, the Company will hold 63.64 per cent equity interest in Huaiyin Power Plant. Huaiyin Power Plant ...
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Source: HighBeam Research, AGREEMENT WITH HUAIAN INVESTMENT CO ON TRANSFERRING INTEREST.