CGN Power Co. Announces Share Repurchase Mandate and Creditor Claim Process

CGN Power Co ( (HK:1816) ) has issued an update.

CGN Power Co., Ltd. announced that its board of directors has been granted a general mandate to repurchase up to 10% of its A and/or H shares. This move, approved during the company’s recent general and shareholders’ meetings, aims to manage the company’s capital structure and potentially enhance shareholder value. The company has outlined procedures for creditors to submit claims, ensuring compliance with legal obligations and maintaining transparency with stakeholders.

The most recent analyst rating on (HK:1816) stock is a Hold with a HK$2.90 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 joint stock company incorporated in the People’s Republic of China, operating in the energy sector with a focus on nuclear power generation. It is listed on the Stock Exchange of Hong Kong and is involved in the development, construction, and operation of nuclear power plants, primarily serving the Chinese market.

Average Trading Volume: 66,417,760

Technical Sentiment Signal: Buy

Current Market Cap: HK$183.9B

See more data about 1816 stock on TipRanks’ Stock Analysis page.