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China Power International Development ( (HK:2380) ) has provided an announcement.
China Power International Development Limited has entered into an Equity Transfer Agreement to acquire a 35% equity interest in Jieyang Power for approximately RMB595 million. This acquisition includes rights to a coal-fired power generation project and an offshore wind power project in Guangdong Province, enhancing the company’s strategic positioning in the energy market.
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 operates in the power generation industry, focusing on power generation, transmission, supply, and distribution. The company is involved in both coal-fired and renewable energy projects, aiming to expand its presence in the energy sector.
Average Trading Volume: 28,591,242
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$38.72B
Find detailed analytics on 2380 stock on TipRanks’ Stock Analysis page.