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CGN Power Co ( (HK:1816) ) has issued an update.
CGN Power Co. has called its first extraordinary general meeting of 2026 for June 18 in Shenzhen, where shareholders will vote on an ordinary resolution to approve a discloseable and connected transaction. The proposed deal involves acquiring equity interests in two companies, including Cangnan Nuclear Power, from its parent CGN, a move that could further integrate nuclear assets within the group and adjust the listed unit’s asset base.
The company detailed procedural arrangements for shareholder participation, including the closure of the register of members from June 12 to June 18 to determine voting eligibility. It also set requirements for reply slips and proxy appointments, underscoring the importance of shareholder engagement in approving the transaction, which may influence CGN Power’s capital structure and governance dynamics.
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 incorporated as a joint stock company in the People’s Republic of China and listed in Hong Kong. The company focuses on nuclear power generation and related assets, operating under the regulatory framework of the Hong Kong Stock Exchange and serving both domestic and international investors.
YTD Price Performance: 15.70%
Average Trading Volume: 79,466,300
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$254.2B
Learn more about 1816 stock on TipRanks’ Stock Analysis page.