China Power International Development ( (HK:2380) ) just unveiled an announcement.
China Power International Development Limited has announced a significant asset restructuring involving the transfer of equity interests in Wu Ling Power and Changzhou Hydropower to Yuanda Environmental. This transaction, valued at over RMB 27 billion, is structured as both an acquisition and disposal, with the company receiving consideration in shares and cash. The restructuring is classified as a discloseable transaction under Hong Kong’s Listing Rules, reflecting a strategic reorganization aimed at optimizing the company’s asset portfolio while maintaining control over the target companies.
More about China Power International Development
China Power International Development Limited operates in the energy sector, focusing on power generation and related services. The company is involved in the production and distribution of electricity, with a market focus on expanding its energy assets and restructuring its operations for better efficiency.
YTD Price Performance: -0.53%
Technical Sentiment Signal: Buy
Current Market Cap: $4.64B
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