Dalian Thermal Power Rises Daily 10 Percent Limit on Asset Transfer Plan

Dalian Thermal Power Co., an electric station operator, rose by 10 percent daily limit after saying the company’s asset transfer plan is pending government approval.

Dalian Thermal jumped 0.91 yuan to 10.01 as of 1:37 p.m. in Shanghai. The company’s largest shareholder Dalian State-owned Asset Management Commission plans to transfer a 39.2 percent stake to Dalian Thermal, it said in a statement to Shanghai Stock Exchange yesterday.

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To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net

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