Anhui Wanbei Coal-Electricity Group Finance Co., Ltd. announced that it has received CNY 500 million in funding from Anhui Province Wanbei Coal-Electricity Group Company Limited, Anhui Hengyuan Coal-Electricity Group Co., Ltd.

On December 16, 2020, Anhui Wanbei Coal-Electricity Group Finance Co., Ltd. closed the transaction. Post completion Anhui Province Wanbei Coal-Electricity Group Company Limited continued to hold 60% and Anhui Hengyuan Coal-Electricity Group Co., Ltd. (SHSE:600971) continued to hold 40% stake in the company.