State-owned Liaoning to acquire 24.05% stake in SH-listed Hongyang Energy for $188m

State-owned Liaoning to acquire 24.05% stake in SH-listed Hongyang Energy for $188m

Liaoning Energy Investment (Group) Co., Ltd, a subsidiary of state-owned Liaoning Energy Industry Holdings (LEIH), is set to acquire 24.05 per cent stake in SH-listed energy player Liaoning Hongyang Energy Resource Invest Co., Ltd for 1.3 billion yuan ($188 million), per a company filing with the Shanghai Stock Exchange (SSE).