On October 11, the Beijing Municipal Market Supervision and Administration issued a public notice of the case of Shenzhen Ping An Phase I Infrastructure Industry Fund Partnership (Limited Partnership) (hereinafter referred to as "Ping An Phase I Infrastructure Fund") acquiring the shares of seven companies, such as Changji Yijing Photovoltaic Technology Co., Ltd.
According to the announcement, Shenzhen Ping An Phase I Infrastructure Industry Fund Partnership (Limited Partnership) ( "Ping An Phase I Infrastructure Fund") signed an agreement with Jingneng International Energy Development (Beijing) Co., Ltd. Acquisition of Changji Yijing Photovoltaic Technology Co., Ltd., Xinjiang Xinyou New Energy Power Generation Co., Ltd., Mulei County Tongchuan Fengguang New Energy Co., Ltd., Wulate Houqi yuanhai New Energy Co., Ltd., Youyu County Sineng Wind Power Co., Ltd., Hejin Lu'an Yuhua Wind Power Co., Ltd. held by Jingneng International Development through joint ventures of both parties. Haidong Ledu Rongzhi New Energy Development Co., Ltd. and other seven project companies (collectively referred to as the "Target Company") have 49% of the shares . The Target Company is principally engaged in wind power generation and photovoltaic power generation . Prior to the
Transaction, BEH held 100% of the shares of the Target Company and solely controlled the Target Company. After the transaction, Jingneng International Development and Ping An Phase I Infrastructure Fund will hold 51% and 49% of the shares of the target company respectively, and jointly control the target company. According to the
data, Ping An Phase I Infrastructure Fund was established in Shenzhen, Guangdong Province on March 6, 2020, and its main business is private equity investment and asset management. Equity penetration shows that the actual controller of Ping An Infrastructure Fund Phase I is China Ping An Insurance (Group) Co., Ltd.
Beijing Energy International Development was established in Beijing on June 20, 2016, and its main business is the operation and management of new energy power generation. The ultimate controller of Jingneng International Development is Beijing Energy Group Co., Ltd., whose main business is heat, electricity, coal, health, culture and tourism, etc.