Electricity producer Huaneng Power International Inc (Huaneng) is spending 8.625 billion yuan to acquire electricity, mining and port assets to expand its geographical coverage.
Beijing-based Huaneng plans to buy power, mining and port operators in Yunnan, Shandong and Fujian provinces from Shandong Electric Power Corp and Shandong Luneng Development Group Co, it said in a statement to the Hong Kong bourse.
Huaneng on the prowl for assets
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