# Shuifa Xingye Energy intends to acquire 47.5% stake in Zibo Qilu Chemical Industry Zone Thermal Power

Shuifa Xingye Energy signed a memorandum of understanding to potentially acquire a 47.5% stake in Zibo Qilu Chemical Industry Zone Thermal Power Co., Ltd. from Shandong Shuifa Clean Energy Technology Co., Ltd.

- Type: Acquisition
- Announced: 2020-05-28
- Where: Zibo, Shandong, China
- Status: announced
- Products: pipeline steam supply
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Shuifa Xingye Energy](https://endata.com/companies/47507.md) (acquirer)
- [Shandong Shuifa Clean Energy Technology](https://endata.com/companies/47508.md) (target)
- [Zibo Qilu Chemical Industry Zone Thermal Power](https://endata.com/companies/47509.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/305482.html), 2020-05-28: "公司与山东水发清洁能源能源科技有限公司...就公司可能自水发清洁能源收购目标公司47.5%的权益订立谅解备忘录。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.