China Yangtze Power to Boost Capacity by More Than Half With Acquisitions

China Yangtze Power Co. Ltd. (600900.SH), the world's largest listed hydropower company by capacity, announced plans to acquire two hydroelectric stations from its controlling shareholder China Three Gorges Corp., which would see its total installed capacity jump by more than half.

Shares of Yangtze Power will be suspended from trading for up to 10 trading days while Three Gorges works on a plan to inject the financial assets of Wudongde and Baihetan hydropower stations into the Shanghai-listed firm, according to a Monday exchange filing (link in Chinese).