Guodian Group definition
Examples of Guodian Group in a sentence
Guodian Capital is a wholly-owned subsidiary of Guodian Group, and since Guodian Capital holds 51% equity interest in Guodian Financial Leasing, Guodian Financial Leasing constitutes an associate of Guodian Group, and is therefore a Connected Person of the Company.
Therefore, Guodian Finance, the finance company subordinated to the former Guodian Group, shall cancel its registration, and CHN Energy made capital contribution to and acquired control of Shenhua Finance, the finance company subordinated to the former Shenhua Group, and renamed Shenhua Finance as China Energy Finance to provide service to the whole group.
Except as set forth on Schedule 2.4(a), the Company owns directly or indirectly each of the outstanding shares of capital stock or other equity interest of each of the Subsidiaries.
Prior to the absorption and merger, Guodian Group holds 78.40% equity interests of the Company.
The closing is also subject to the Company changing its name to “China Feicui Guodian Group Limited,” and the Company providing verification that the Consideration has been issued as specified.
After the absorption and merger, all of the assets, liabilities, businesses, staff, contracts, qualifications and all other rights and obligations of Guodian Group will be transferred to/assumed by China Energy.
Upon the completion of the Merger of the Group Companies and the Joint Venture Transaction, the Guodian Group and GD Power (excluding the Joint Venture Company) will continue to have the following coal-fired power plants (including coal-electricity integrated projects) which overlap with certain power plants (including coal-electricity integrated projects) of the Company in terms of location.
As at the Latest Practical Date, the CHNENERGY Group, GD Power and China Longyuan Power Group Corporation Limited (a subsidiary of Guodian Group Co listed on the Hong Kong Stock Exchange) have overlapping wind farms in Guangdong and the Guodian Group and GD Power have overlapping hydropower stations in Sichuan.
The Guodian Group is one of the largest power generation groups in the PRC, and GD Power is the major listed company in power production and sales sector in the Guodian Group.
As approved by the SASAC (▇▇▇ ▇▇ ▇▇ Gai Ge [2017] No. 146), China Energy and Guodian Group have implemented strategic restructuring, such that Guodian Group is absorbed by and merged into China Energy.