Jiangsu Guoxin Corp. Ltd. (SZSE:002608) agreed to acquire additional 29% stake in Jiangsu Guoxinbin Haigang Power Generation Co., Ltd. from State Power Investment Corporation Xiexin Binhai Power Generation Co., Ltd for CNY 0 on May 31, 2024. Post acquisition, the company will hold 80% of the equity in Guoxinbin Haigang Power Generation Co., Ltd. Jiangsu Guoxin Corp.

Ltd. will acquire 29% of the equity and will waive the preemptive right to buy the remaining 5% stake. The completion will take place within 30 days after the signing of the equity transfer agreement.