BRIEF-China Power New Energy Development proposes to reorganise group structure

May 2 (Reuters) - China Power New Energy Development Co Ltd

* Intends to put forward to shareholders reorganisation

proposal for their consideration and approval

* Proposes to change holding company of group from company

to newco by way of scheme

* Upon completion of reorganisation proposal, listing status

of company on stock exchange will be withdrawn

* Says structure of group to be reorganised; the newco to

become new holding co of group

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