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China Longyuan Power Group ( (HK:0916) ) has provided an update.
China Longyuan Power Group has entered into a new Financing Lease Related Services Framework Agreement with Guoneng Financial, a subsidiary of its controlling shareholder CHN Energy. This agreement, effective from March 29, 2025, to December 31, 2027, involves providing financing lease services, including direct lease and sales and leaseback. The transactions are classified as continuing connected transactions under Hong Kong Listing Rules, requiring annual reporting and announcements but exempt from independent shareholders’ approval.
More about China Longyuan Power Group
YTD Price Performance: -2.22%
Average Trading Volume: 970
Technical Sentiment Signal: Buy
Current Market Cap: $13.57B
Learn more about 0916 stock on TipRanks’ Stock Analysis page.