Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
CGN Power Co ( (HK:1816) ) has shared an announcement.
CGN Power has obtained shareholder approval at its latest general and class meetings to grant the board a general mandate to repurchase up to 10% of its issued A shares and/or H shares during the mandate period, with the board empowered to set specific terms and conditions for these buybacks. Any repurchased H shares will be cancelled, resulting in a corresponding reduction of the company’s registered capital, which may enhance capital efficiency and shareholder value.
In line with PRC company law and its articles of association, CGN Power has formally notified creditors of their right to submit claims following the potential capital reduction arising from H-share cancellations. Creditors are given a defined period to present documentation and request repayment or guarantees, and those failing to act within the deadline will be deemed to have waived additional claim rights, while existing obligations will continue to be honored under original terms.
The most recent analyst rating on (HK:1816) stock is a Sell with a HK$3.20 price target. To see the full list of analyst forecasts on CGN Power Co stock, see the HK:1816 Stock Forecast page.
More about CGN Power Co
CGN Power Co., Ltd. is a Chinese nuclear power company listed in Hong Kong, focusing on the development, operation and management of nuclear power plants and related energy assets. The group primarily issues A shares and H shares, reflecting its dual listing structure and access to both mainland Chinese and international capital markets.
Average Trading Volume: 78,834,015
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$255.2B
See more insights into 1816 stock on TipRanks’ Stock Analysis page.