China’s Huaneng Power International, Inc. has announced plans to acquire a 25% interest in Shenzhen Energy Group (SEG) for RMB2.39 billion. (US$1=RMB8.28). The all-cash deal was made with SEG and Shenzhen Investment Holding Corporation (SIH), a state-owned company controlled by the Shenzhen Municipal Government. Huaneng will subscribe for newly issued shares representing 10% of SEG’s…

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