On June 12, 2024, Gansu Energy announced that its controlling shareholder, Gansu Provincial Electric Power Investment Group Co., Ltd. received the approval document (Gan Guo Zi Fa Zi Ben [2024] No.68) issued by the State-owned Assets Supervision and Administration Commission of the Gansu Provincial Government, regarding the major asset restructuring plan of Gepic Energy Development Co., Ltd.. The approval agreed with the company's proposal to issue shares and pay cash to purchase 66.00% of the equity of Gansu Diantou Changle Power Generation Co., Ltd. held by Gansu Provincial Electric Power Investment Group Co., Ltd. , and to raise funds not exceeding 1.9 billion yuan through coordinating transactions.
甘肃能源：重大资产重组方案获甘肃省国资委批复
Gepic energy development: Major asset restructuring plan approved by the Gansu Provincial State-owned Assets Supervision and Administration Commission.
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