Is the latest news of Dalian thermal power reorganization good or bad?

Good news. The latest news of the reorganization of Dalian Thermal Power Company is good news, because through the reorganization, Dalian Thermal Power Company will sell all its assets and liabilities, and plans to purchase 0/00% equity of Kang Hui New Materials/KLOC-by issuing shares. Kang Hui New Materials will be listed through reorganization, and Hengli Petrochemical will also become the controlling shareholder of Dalian Thermal Power through this reorganization. According to the Securities Times, the latest news of the reorganization is that the Dalian Municipal People's Government and Dalian State-owned Assets Supervision and Administration Commission have approved the reorganization plan, which means the plan of Dalian Thermal Power.