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China Power Announces Subsidiary Property Acquisition

China Power Announces Subsidiary Property Acquisition

China Power International Development (HK:2380) has released an update.

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China Power International Development’s subsidiary, Shentou Power II, has acquired two residential buildings in Shanxi Province from Shentou Industry Company for approximately RMB 52.16 million, including taxes. This intra-group transaction, which is below the threshold requiring independent shareholder approval, will be funded through the company’s internal resources.

For further insights into HK:2380 stock, check out TipRanks’ Stock Analysis page.

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