DaTang HuaYin Electric Power (600744.SH) plans to list for transfer certain scrapped assets of shut-down generating units.

DaTang HuaYin Electric Power (600744.SH) announced that the company plans to dispose of the scrapped assets of the Phase I 2210MW shut-down generating units of its branch, Datang Huayin Electric Power Co., Ltd. Leiyang Branch (referred to as Leiyang Company), through public listing and transfer, with a minimum listing price of no less than RMB68.046 million (including 13% VAT). The assets being disposed of are the scrapped assets of the Phase I 2210MW shut-down generating units of Leiyang Company, including buildings, structures, and equipment assets. This will not affect the daily production and operation of Leiyang Company and does not involve employee resettlement or land-related arrangements. This asset disposal can fully realize the value of the scrapped assets and improve the overall operational efficiency of the assets.