BRIEF-China Longyuan Power To Absorb & Merge Pingzhuang Energy Via Share Swap

Reuters2021-06-20

June 20 (Reuters) - Inner Mongolia Pingzhuang Energy Resources Co Ltd :

* SAYS CHINA LONGYUAN POWER TO ABSORB & MERGE PINGZHUANG ENERGY VIA SHARE SWAP BY ISSUANCE OF A SHARES

* SAYS LONGYUAN POWER PLANS TO BUY EIGHT ENERGY FIRMS FOR 5.8 BILLION YUAN ($898.88 million) VIA CASH

Source text in Chinese: Further company coverage:

($1 = 6.4525 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)

((twinnie.siu@tr.com; 852-3462 7715;))

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