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China Longyuan Power Group ( (HK:0916) ) has issued an update.
China Longyuan Power Group announced that its second extraordinary shareholders’ meeting of 2025, held in Beijing on 23 December, was duly convened in compliance with PRC company law and the company’s articles, with shareholders or proxies representing about 74% of total voting shares in attendance. At the meeting, shareholders overwhelmingly approved, by way of special resolutions and high poll majorities, that the conditions had been satisfied for the company to issue A shares to specific targets and endorsed the detailed issuance plan, including share type and nominal value, issuance method and timing, target investors and subscription method, pricing benchmark and principles, number of shares, lock-up arrangements, and the total amount and intended use of proceeds, paving the way for the company to proceed with this targeted equity financing.
The most recent analyst rating on (HK:0916) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on China Longyuan Power Group stock, see the HK:0916 Stock Forecast page.
More about China Longyuan Power Group
China Longyuan Power Group Corporation Limited is a major Chinese power producer, primarily engaged in the development, construction and operation of wind power and other renewable energy projects, with its shares listed in both A-share and H-share markets in Hong Kong and mainland China.
Average Trading Volume: 22,180,003
Technical Sentiment Signal: Sell
Current Market Cap: HK$106.7B
For a thorough assessment of 0916 stock, go to TipRanks’ Stock Analysis page.