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China Longyuan Buys Guodian Assets for About 1.5 Billion Yuan

Nov. 7 (Bloomberg) -- China Longyuan Power Group Corp. bought stakes in wind power and biomass power businesses from its parent company, China Guodian Corp., for about 1.5 billion yuan, according to a statement to the Hong Kong stock exchange.

Guodian holds 63.68 percent of China Longyuan, the statement said.

Link to Statement:{NSN LUA9BQ3PWT1D <GO>}

Link to Company News:{916 HK <Equity> CN <GO>}

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net

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