Huaneng Power shareholders ok plan to acquire SinoSing Power

Wed. June 25, 2008; Posted: 04:07 AM

BEIJING, Jun 25, 2008 (Xinhua via COMTEX) -- HNP | Quote | Chart | News | PowerRating -- China's largest listed power producer, Huaneng Power International (600011.SH; 0902.HK; HNP.NYSE) announced Wednesday that its shareholders Tuesday approved the plan to acquire the whole Singapore-based SinoSing Power Pet. Ltd. from its parent company Huaneng Goup.

The transaction, valued at 985 million dollars, is expected to be completed before June 30, the company said earlier.

SinoSing Power bought 100 percent stake in Tuas Power for 4.24 billion Singapore dollars in March, which was previously controlled by Singapore investment company Temasek Holdings.

For full details on Huaneng Power Intl Inc (HNP) click here. Huaneng Power Intl Inc (HNP) has Short Term PowerRatings of 5. Details on Huaneng Power Intl Inc (HNP) Short Term PowerRatings is available at This Link.

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