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An announcement from China Power International Development ( (HK:2380) ) is now available.
China Power International Development Limited has completed its proposed asset restructuring, resulting in Yuanda Environmental becoming a subsidiary. This move consolidates Yuanda Environmental’s financial results into the group’s statements and expands its hydropower business. The restructuring includes a significant share issuance and a proposed name change to SPIC Hydropower Co., Ltd. Additionally, a voting agreement has been established with SPIC, entrusting voting rights for a portion of Yuanda Environmental’s shares to the company. This strategic restructuring is expected to enhance the company’s market positioning in the renewable energy sector.
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 operates in the energy sector, focusing on power generation and development. The company is involved in various energy projects, including hydropower, and aims to expand its influence in the renewable energy market.
YTD Price Performance: 16.04%
Average Trading Volume: 16,638,283
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$43.05B
See more data about 2380 stock on TipRanks’ Stock Analysis page.