Huadian Energy Company Limited (SHSE:900937) agreed to acquire 56.6% stake in China Huadian Corporation Harbin Power Generation Co., Ltd. from China Huadian Corporation for CNY 48.7 million on December 31, 2012. As part of the consideration, CNY 14.6 million of guarantee money which Huadian Energy Company Limited paid to the Shanghai United Assets and Equity Exchange will be a part of the transaction price. Within 5 working days from the entry-into-force of the contract, Huadian Energy Company Limited shall pay the remaining balance of CNY 34.13 million via a one-time payment into the bank account designated by the Shanghai United Assets and Equity Exchange.

China Huadian Corporation Harbin Power reported total assets of CNY 190 million on November 26, 2012.