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China Power International Development ( (HK:2380) ) has provided an update.
China Power International Development Limited has entered into an Equity Transfer Agreement to acquire a 31% equity interest in Dazhou Energy for RMB458,800,000. This acquisition is part of a connected transaction under the Listing Rules, as Dazhou Energy holds the development rights to a major clean coal power project in Sichuan Province, which includes the construction of two ultra-supercritical coal-fired power generating units with a total capacity of 2,000MW. The move is expected to enhance China Power’s position in the clean energy sector, contributing to its strategic growth and operational expansion in the region.
The most recent analyst rating on (HK:2380) stock is a Buy with a HK$3.50 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, transmission, supply, and distribution, along with the production and sales of heat. The company is a significant player in the energy sector, focusing on clean coal power projects in China.
Average Trading Volume: 32,492,962
Technical Sentiment Signal: Buy
Current Market Cap: HK$43.05B
See more data about 2380 stock on TipRanks’ Stock Analysis page.