Company Description (as filed with the SEC)
We were formed in July 2006 as an exempted company under the laws of the Cayman Islands to serve as a vehicle for the acquisition of hydroelectric assets in China. At the time of our formation we considered, but did not pursue, operating as a publicly traded special purpose acquisition company. We did not have any operating business until the completion of our first acquisition in April 2007. We have acquired and sold multiple operating assets since then and our principal capital expenditures and divestitures since January 1, 2010 including the following. Please note that U.S. dollar translations provided below are derived from our consolidated financial statements. † in March 2010, we acquired 79.0% equity interest in Henan Wuyue Storage Power Generation Co., Ltd. for a total purchase price of RMB 162.5 million ($24.4 million) and paid the first installment payment of RMB 32.5 ($4. ... More ...