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An update from China Power International Development ( (HK:2380) ) is now available.
China Power International Development’s indirect non-wholly owned subsidiary Yuanda Engineering Company has signed an engineering, procurement and construction contract with SPIC associate Hechuan Power to build a desulfurization system for the Hechuan power project. The deal, valued at RMB117.8 million including taxes, underscores the group’s ongoing role in environmental upgrading of coal-fired assets within its wider state-linked power ecosystem.
Under the agreement, Yuanda Engineering will deliver full-scope services including system design, equipment procurement, manufacturing, construction, installation, commissioning, and warranty-period technical support, with a two-year warranty for construction works and up to three years for equipment. As Hechuan Power is a connected person under Hong Kong’s Listing Rules, the transaction is classified as a connected transaction subject to reporting and announcement requirements, but it falls below the threshold that would require independent shareholders’ approval.
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 is a Hong Kong-incorporated power producer focused on generating and supplying electricity, with significant state-owned backing through its ultimate controlling shareholder, State Power Investment Corporation (SPIC). The group operates through various subsidiaries and associates across mainland China, including engineering units that undertake large-scale power-related construction and environmental projects.
Average Trading Volume: 26,151,024
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$40.95B
See more insights into 2380 stock on TipRanks’ Stock Analysis page.