China Power International (Kazakhstan) Investment Limited and Sao Simao Investment Limited agreed to acquire KPM-Delta Limited Liability Partnership from Risen Energy Co.,Ltd. (SZSE:300118) for $23.3 million on January 7, 2022. As per the transaction, China Power International (Kazakhstan) Investment Limited will acquire 0.01% stake and Sao Simao Investment Limited will acquire 99.99% stake in KPM-Delta Limited Liability Partnership. As on September 30, 2021, KPM-Delta Limited Liability Partnership generated total assets of $40.1 million and net assets of $14.1 million.

The transaction is approved by board of directors of Risen Energy Co.,Ltd.