Shenzhen Datang Baochang Gas Power Generation Co, Ltd announced a private placement of common shares for gross proceeds of CNY 540,000,000 on August 20, 2020. The transaction will involve participation from existing investor, Datang International Power Generation Co., Ltd. (SEHK:991). Post-closing of the transaction, the stake of Datang International Power Generation Co., Ltd. will increase from 61.16% to 90.88% in the company.