*St Beineng (000803): Together With Its Partners, It Plans To Jointly Acquire 93% Equity Of Xincheng Thermal Power Co., Ltd

On September 14, * ST beineng (000803. SZ) disclosed its plan for major asset purchase. The company and its partners intend to jointly acquire 93% of the shares of Xincheng Thermal Power Co., Ltd. held by Runhua Guotai, Haotian Tairui, Beijing Taixin and Beijing jingruixing. Among them, the partner plans to acquire no more than 25% of the equity of Xincheng thermal power, that is, the company intends to acquire 68% - 93% of the equity of Xincheng thermal (the price is tentatively set at 4.63-6) 33 million yuan).

The company said that after the completion of the transaction, the company will expand the urban central heating business through the new town heating, forming an energy oriented business layout for people's livelihood and environmental services. In addition, through this reorganization, we can introduce high-quality objects with strong profitability and good development prospects, and improve the profitability of the company.