Huadian Fuxin Energy Corporation

Huadian Fuxin Energy Corporation's shareholders approved a merger agreement with Fujian Huadian Furi Energy Development Co., Ltd., under which Huadian Furi will acquire all shares of Huadian Fuxin at HKD 2.50 per H-share and CNY 2.29995 per domestic share.

Huadian Fuxin Energy (00816) announced that the preconditions for its privatization via absorption merger by Fujian Huadian Furui have been met on 2020-08-21, including approvals from Chinese regulators.

Siemens secured its first H-class gas turbine order in Mainland China, supplying two H-class gas turbines, two steam turbines and four generators for the CHD Guangzhou Zengcheng CCHP project in Guangdong Province. Commercial operation is scheduled for end of 2019.