Inner Mongolia Dian Tou Energy (SHE:002128) is expected to receive 2.46 billion yuan in profit generated by SPIC Inner Mongolia Baiyinhua Coal & Power, according to a Shenzhen bourse disclosure on Thursday.
The acquisition of the profit is part of a deal related to the acquisition of assets from the State Power Investment Corporation Inner Mongolia Energy.
The energy company signed a deal with the State Power Investment that allowed the company to own any profits from Baiyinhua Coal & Power between the transfer's transitional period, which was between April 1 2025 and April 30 this year.
The company's shares jumped 4% at the close.