Meiya Power Company gets "FLIPPED" again: November 2010

Don't mean to beat a dead horse, but Meiya now belongs to someone else.

• The new owner is not BTU Ventures
• The seller was not BTU Ventures

New owner is described as China Guangdong Nuclear Power Corp (CGNPC), a major Chinese state-owned nuclear power corporation. The excerpt and article from one of the advisory law firms follows:

"Freshfields Bruckhaus Deringer has advised China Guangdong Nuclear Power Corp on its acquisition of Meiya Power Company Limited from Standard Chartered Private Equity and Noonday Asset Management."

Link: Freshfields advises China Guandong Nuclear Power Corp on its acquisition of Meiya Power:

From another source:

"China GuangdongNuclear Power Company (CGNPC) announced on Monday it accomplished acquisition of 100% of clean energy-focused Meiya Power Company on November 5."

Link: HighBeam Research | Guangdong Nuclear Power Buys 100% of Meiya Power

Question: Wonder how long the Chinese government is going to let BTU Ventures keep claiming those assets as part of the BTU Group portfolio?

Meiya, what the NEW OWNERS are planning to do: MPC Holdings planned IPO (January 2010)

MPC, controlled by Standard Chartered Private Equity Ltd. and investment funds co-managed by Noonday Asset Management Asia Pte. Ltd and Farallon Capital Management, LLC, earlier planned to make an initial public offering in Singapore but postponed the listing in October 2005 and then in March 2006.

Link: MPC Aims to Raise Up To US$400 Million in Hong Kong IPO - NASDAQ Online - 12 January, 2010

Note:  The previous link to FOX Business was no longer active so a different link to the article has been provided.