Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
China Power International Development ( (HK:2380) ) has provided an announcement.
China Power International Development has renewed its entrusted management framework agreement with controlling shareholder CPI Holding, under which it will continue to provide planning, operating and management services to CPI Holding’s onshore PRC subsidiaries and associates for three years from 1 January 2026 to 31 December 2028. The new agreement, which succeeds the current framework expiring at the end of 2025, sets proposed annual caps on management fees payable to China Power of RMB61.445 million, RMB104.923 million and RMB120.661 million for 2026, 2027 and 2028 respectively, and is classified as a continuing connected transaction under Hong Kong listing rules, triggering reporting, announcement and annual review requirements but exempting it from independent shareholders’ approval. The arrangement underscores the company’s ongoing role in centralized management of CPI Holding’s onshore power assets, covering areas such as corporate planning, electricity sales, production safety, fuel procurement and financial and risk management, and is likely to provide a stable, growing stream of fee-based income while reinforcing operational integration within the CPI group.
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 Hong Kong-incorporated power company engaged in the planning, operation and management of electricity-related businesses, with a focus on providing management and operational services to power enterprises in mainland China. The company operates under the control of its majority shareholder CPI Holding, which owns roughly 59.42% of its issued share capital.
YTD Price Performance: 13.04%
Average Trading Volume: 13,156,456
Technical Sentiment Signal: Buy
Current Market Cap: HK$41.93B
For detailed information about 2380 stock, go to TipRanks’ Stock Analysis page.