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China Power International Development ( (HK:2380) ) has issued an update.
China Power International Development Limited has renewed its Financial Services Framework Agreement with SPIC Financial for another three-year term starting from June 2025. This agreement, which involves deposit, settlement, and loan services, is significant as SPIC Financial is a connected person under the Listing Rules due to its ownership stake. The renewal requires independent shareholder approval due to the nature of the transactions, which are classified as major under the Listing Rules, necessitating reporting and shareholder voting.
More about China Power International Development
China Power International Development Limited operates in the energy sector, focusing on the generation and sale of electricity. The company is primarily involved in the development, construction, operation, and management of power plants, with a significant presence in the Chinese market.
YTD Price Performance: 3.95%
Technical Sentiment Signal: Buy
Current Market Cap: $4.86B
Find detailed analytics on 2380 stock on TipRanks’ Stock Analysis page.