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The latest announcement is out from CGN Power Co ( (HK:1816) ).
CGN Power Co., Ltd. has announced the acquisition of significant equity interests in four companies, including Huizhou Nuclear Power, for approximately RMB9.38 billion. This acquisition will make these companies subsidiaries of CGN Power, consolidating their financial results into the group’s statements, and is seen as a strategic move to strengthen its position in the nuclear power sector. Additionally, CGN Power has revised its annual caps for continuing connected transactions with CGN, reflecting anticipated business needs and ensuring compliance with the relevant listing rules.
The most recent analyst rating on (HK:1816) stock is a Buy with a HK$3.70 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, primarily engaged in the nuclear power industry. The company focuses on the generation and sale of electricity through nuclear power plants, and it is a significant player in the energy sector in China.
Average Trading Volume: 58,365,308
Technical Sentiment Signal: Buy
Current Market Cap: HK$198B
See more data about 1816 stock on TipRanks’ Stock Analysis page.