YuanDa Environmental Protection (600292.SH)'s application to issue additional shares for the purpose of acquisition has been approved by the Shanghai Stock Exchange.

China Fortune Financial News APP message, Yuanda Environmental Protection (600292.SH) announced that the company plans to purchase 63% of the equity of Wuling Power Co., Ltd. ("Wuling Power") held by China Power International Development Limited by issuing shares and paying cash. In addition, the company plans to purchase 37% of the equity of Wuling Power held by Hunan Xiangtou International Investment Limited and 64.93% of the equity of State Power Investment Group Guangxi Power Co., Ltd. held by State Power Investment Group Guangxi Changzhou Hydroelectric Development Co., Ltd. The company also plans to issue shares to raise supporting funds from up to 35 specific investors who meet the conditions.