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Morrison & Foerster Represents China Resources Power Holdings in HK$555.7 million Acquisition

08/04/2006

Morrison & Foerster represented China Resources Power Holdings (CR Power) in its HK$555.7 million acquisition of controlling stakes in two PRC power plants.  CR Power acquired a 65 percent stake in a hydro-power plant located in southern Yunnan province, the first hydro-power project for the company, and a 55 percent interest in a Fuyang coal-fired power generation plant located in Anhui province. 

CR Power is one of the largest Hong Kong-listed power generation companies in Mainland China.  The acquisitions are estimated to boost CR Power's generation capacity by 13 percent to 7058 megawatts.

The Morrison & Foerster team was led by Hong Kong partner Ven Tan.