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China Power International Development ( (HK:2380) ) has shared an update.
China Power International Development Limited has entered into an Equity Transfer Agreement to acquire a 31% equity interest in Tuoli Power, a company involved in coal-fired power generation in Xinjiang, China. This acquisition, valued at approximately RMB310 million, is part of a connected transaction under the Listing Rules, reflecting the company’s strategic move to enhance its energy project portfolio in the region.
The most recent analyst rating on (HK:2380) stock is a Hold with a HK$3.30 price target. To see the full list of analyst forecasts on China Power International Development stock, see the HK:2380 Stock Forecast page.
More about China Power International Development
China Power International Development Limited is a company incorporated in Hong Kong, primarily engaged in power generation, power transmission, power supply, and distribution business. The company also provides technical services for wind power generation and energy storage, focusing on expanding its energy projects in China.
Average Trading Volume: 28,911,099
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$38.22B
For detailed information about 2380 stock, go to TipRanks’ Stock Analysis page.