# China Power to sell 40% stake in Zhongdian Shentou to limited partnership

China Power announced it will form a limited partnership with Dongyin Tianjin, Orient Asset Management and SPIC Capital Management, contributing RMB268 million for a 35% stake. The partnership will acquire 40% of Zhongdian Shentou (a coal-fired power plant subsidiary) for RMB206 million, plus a debt transfer of RMB560 million.

- Type: Acquisition
- Announced: 2021-11-26
- Where: Shanxi Province, China
- Value: $32.3M (206.0M CNY)
- Status: announced
- Capacity: 1200 MW
- Products: electricity, heat
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [China Power International Development](https://endata.com/companies/27421.md)
- [Dongyin Tianjin](https://endata.com/companies/59251.md) (partner)
- [Orient Asset Management](https://endata.com/companies/59252.md) (partner)
- [SPIC Capital Management](https://endata.com/companies/59253.md) (partner)
- [Zhongdian Shentou](https://endata.com/companies/59254.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/610624.html), 2021-11-26: "于2021年11月26日，该公司与东银天津、东方资管及国家电投资管订立一份合伙协议，以成立一家有限合伙企业，公司作为有限合伙人将出资约人民币2.68亿元，占有限合伙企业约35%的权益。"

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