X
  • Renewable Power
  • Nuclear Power
  • Thermal Power
Power Gen Advancement
  • Home
  • News
    AES Corp Rolls Out Largest Solar Storage Facility in the US

    AES Corp Rolls Out Largest Solar-Storage Facility in the US

    The Darden Clean Energy Project Fast Tracked in California

    The Darden Clean Energy Project Fast-Tracked in California

    US Utility Scale Solar Installs 4.4 GW in Q1 2025

    US Utility-Scale Solar Installs 4.4 GW in Q1 2025

    US Solar Electricity Generation

    US Solar Electricity Generation Grows 28% Year-Over-Year

    Caterpillar Unveils Systems

    Caterpillar Unveils Systems for Multiple Power Generation

    Executive Orders to Boost Nuclear Energy

    Executive Orders to Boost Nuclear Power Signed by Trump

    Offshore Wind Capacity in Romania

    Offshore Wind Capacity in Romania to Witness Delimitation

    US Offshore Wind Development

    US Offshore Wind Development – Northeast Region Hit

    National Power Development

    Vietnam Alters its National Power Development Plan VIII

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

    Day 1, ADIPEC 2024: Global Ministers and CEOs Call for Accelerated Innovation and Collaboration to Fast-Track Energy Transformation

    Harnessing hydrogen to power HGVs

    Stabilising the renewable energy grid

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
  • Home
  • News
    AES Corp Rolls Out Largest Solar Storage Facility in the US

    AES Corp Rolls Out Largest Solar-Storage Facility in the US

    The Darden Clean Energy Project Fast Tracked in California

    The Darden Clean Energy Project Fast-Tracked in California

    US Utility Scale Solar Installs 4.4 GW in Q1 2025

    US Utility-Scale Solar Installs 4.4 GW in Q1 2025

    US Solar Electricity Generation

    US Solar Electricity Generation Grows 28% Year-Over-Year

    Caterpillar Unveils Systems

    Caterpillar Unveils Systems for Multiple Power Generation

    Executive Orders to Boost Nuclear Energy

    Executive Orders to Boost Nuclear Power Signed by Trump

    Offshore Wind Capacity in Romania

    Offshore Wind Capacity in Romania to Witness Delimitation

    US Offshore Wind Development

    US Offshore Wind Development – Northeast Region Hit

    National Power Development

    Vietnam Alters its National Power Development Plan VIII

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

    Day 1, ADIPEC 2024: Global Ministers and CEOs Call for Accelerated Innovation and Collaboration to Fast-Track Energy Transformation

    Harnessing hydrogen to power HGVs

    Stabilising the renewable energy grid

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
Power Gen Advancement
No Result
View All Result
Home Market Reports

China Hydroelectric Corporation Announces Completion of Merger

in Market Reports, Renewable Power

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

BEIJING, July 9, 2014 /PRNewswire/ — China Hydroelectric Corporation (NYSE: CHC, CHCWS) (“China Hydroelectric” or the “Company”), an owner, developer and operator of small hydroelectric power projects in the People’s Republic of China, today announced the completion of its merger (the “Merger”) with CPT Wyndham Sub Ltd. (“Merger Sub”), a wholly-owned subsidiary of CPT Wyndham Holdings Ltd. (“Parent”), pursuant to the agreement and plan of merger (the “Merger Agreement”), dated January 13, 2014, among the Company, Parent and Merger Sub. As a result of the Merger, the Company became a direct wholly owned subsidiary of Parent.

 

Under the terms of the Merger Agreement, which was approved by the Company’s shareholders at an extraordinary general meeting held on July 3, 2014, all of the Company’s ordinary shares (including ordinary shares represented by American depositary shares (“ADSs”), each representing three ordinary shares) issued and outstanding immediately prior to the effective time of the Merger have been cancelled in exchange for the right to receive US$1.17 per ordinary share or US$3.51 per ADS, in each case, in cash, without interest and net of any applicable withholding taxes, except for (i) the ordinary shares and ADSs beneficially owned by Parent or any wholly owned subsidiary of Parent (including Merger Sub), or beneficially owned by affiliates of NewQuest Capital Partners or China Environment Fund III, L.P., all of which will be cancelled at the effective time of the Merger for no consideration, and (ii) ordinary shares owned by holders who have validly exercised and not effectively withdrawn or lost their appraisal rights pursuant to Section 238 of the Companies Law of the Cayman Islands, which ordinary shares will be cancelled at the effective time of the Merger for the right to receive the value of such shares in accordance with the provisions of Section 238 of the Companies Law of the Cayman Islands.

 

Shareholders of record as of the effective time of the Merger who are entitled to the merger consideration will receive a letter of transmittal and instructions on how to surrender their share certificates in exchange for the merger consideration. Shareholders should wait to receive the letter of transmittal before surrendering their share certificates. As soon as practicable after the date of this announcement, The Bank of New York Mellon, in its capacity as ADS depositary (the “ADS Depositary”), will call for the surrender of all ADSs for delivery of the merger consideration. Upon the surrender of ADSs, the ADS Depositary will pay to the surrendering holders$3.51 per ADS surrendered (less an ADS cancellation fee of $0.05 per ADS) in cash, without interest and net of any applicable withholding taxes.

 

The Company also announced today that it requested that trading of its ADSs on the New York Stock Exchange (the “NYSE”) to be suspended beginning on July 9, 2014. The Company requested that the NYSE file a Form 25 with the Securities and Exchange Commission (the “SEC”) notifying the SEC of the delisting of its ADSs on the NYSE and the deregistration of the Company’s registered securities. The deregistration will become effective in 90 days after the filing of Form 25 or such shorter period as may be determined by the SEC. The Company intends to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by filing a Form 15 with the SEC in ten days. The Company’s obligations to file with the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will cease once the deregistration becomes effective.

 

About China Hydroelectric Corporation

 

China Hydroelectric Corporation (NYSE: CHC, CHCWS) (“China Hydroelectric” or “the Company”) is an owner, developer and operator of small hydroelectric power projects in China. Through its geographically diverse portfolio of operating assets, the Company generates and sells electric power to local power grids. The Company’s primary business is to identify, evaluate, acquire, develop, construct and finance hydroelectric power projects. The Company currently owns 25 operating hydropower stations in China with total installed capacity of 517.8 MW, of which it acquired 21 operating stations and constructed four. These hydroelectric power projects are located in four provinces: Zhejiang, Fujian, Yunnan and Sichuan. Hydropower is an important factor in meeting China’s electric power needs, accounting for approximately 22% of total nation-wide capacity.

 

Cautionary Statement concerning Forward Looking Statements

 

This document may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “will,” “should,” “may,” “believes,” “expects” or similar expressions. All of such assumptions are inherently subject to uncertainties and contingencies beyond the Company’s control and based upon premises with respect to future business decisions, which are subject to change. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

For more information, please contact:

China Hydroelectric Corporation

Scott Powell

James Hull

Investor Relations and Corporate Communications

Finance Manager

Phone (U.S.): +1 (646) 650-1351

Phone (China): +86-10-5963-6881

Email: ir@china-hydro.com

Email: james.hull@china-hydro.com

   
Tags: China Hydroelectric Corporation Announces Completion of Merger
Previous Post

Fronius USA Unveils Next Phase Of Solar - The Fronius FE Inverter Line - The Solution For Module-Level Power Electronics

Next Post

Global Wind Tower Market 2014-2018

Related Posts

Recycling Rare Materials
Articles

Recycling Rare Materials from Hydrogen Technology

June 23, 2025
Advancements in Hydrogen
Articles

Advancements in Hydrogen Storage Systems

June 21, 2025
Port-to-Pipe-B2B-Models for Green Hydrogen Export Corridors
Articles

Port-to-Pipe B2B Models for Green Hydrogen Export Corridors

June 12, 2025
Corporate-Offtake-of-Offshore Wind Shifting Energy Spectrum
Renewable Power

Corporate Offtake of Offshore Wind Shifting Energy Spectrum

June 11, 2025
US Utility Scale Solar Installs 4.4 GW in Q1 2025
America

US Utility-Scale Solar Installs 4.4 GW in Q1 2025

June 3, 2025
EIA Data Reveal Renewables
Market Reports

EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

May 29, 2025
Next Post

Global Wind Tower Market 2014-2018

LatestNews

AES Corp Rolls Out Largest Solar Storage Facility in the US
News

AES Corp Rolls Out Largest Solar-Storage Facility in the US

June 17, 2025
The Darden Clean Energy Project Fast Tracked in California
News

The Darden Clean Energy Project Fast-Tracked in California

June 17, 2025
US Utility Scale Solar Installs 4.4 GW in Q1 2025
America

US Utility-Scale Solar Installs 4.4 GW in Q1 2025

June 3, 2025
US Solar Electricity Generation
News

US Solar Electricity Generation Grows 28% Year-Over-Year

June 3, 2025
Caterpillar Unveils Systems
News

Caterpillar Unveils Systems for Multiple Power Generation

May 26, 2025
Executive Orders to Boost Nuclear Energy
News

Executive Orders to Boost Nuclear Power Signed by Trump

May 26, 2025
Power Gen Advancement

About Us

Power Generation Advancement is a leading information centric website providing latest up to date information and happenings within the industry. The website is sub divided into 3 sectors updating the latest news and developments about Power Generation industry through Renewable Energy, Nuclear Energy, Thermal Energy sources. Power Generation Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Our Services
  • Contact Us
  • Download Mediapack
  • Newsletter Archive

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Market Moves
  • Press Statements
  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In