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An announcement from CGN Power Co ( (HK:1816) ) is now available.
CGN Power Co., Ltd. announced a significant transaction involving the acquisition of equity interests in four nuclear power companies, including Huizhou Nuclear Power. This strategic move aims to consolidate its position in the nuclear power sector by acquiring 82% of Huizhou Nuclear Power and full ownership of three other nuclear power entities. This acquisition is expected to enhance CGN Power’s operational capabilities and strengthen its market presence, potentially benefiting stakeholders by expanding its energy portfolio.
The most recent analyst rating on (HK:1816) stock is a Hold with a HK$3.40 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 that operates in the nuclear power industry. It is primarily focused on the development, construction, and operation of nuclear power plants, providing clean and reliable energy solutions.
Average Trading Volume: 59,924,915
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$189.6B
For detailed information about 1816 stock, go to TipRanks’ Stock Analysis page.