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An announcement from China Power International Development ( (HK:2380) ) is now available.
China Power International Development’s indirect non-wholly owned subsidiary, Yuanda Engineering Company, has entered into an engineering, procurement and construction (EPC) contracting agreement with Dazhou Energy for the desulfurization system of the Dazhou Project, valued at RMB199.19 million. Under the deal, Yuanda will deliver full-cycle services including system design, equipment procurement, transportation, construction and installation, commissioning, performance assurance and defect rectification during a one-year liability period, with Dazhou Energy making an interest-free prepayment covering portions of the project fees. As Dazhou Energy is an indirect wholly owned subsidiary of the company’s controlling shareholder CPI Holding, the transaction is classified as a connected transaction under Hong Kong Listing Rules, triggering announcement and reporting obligations but falling below the threshold that would require independent shareholders’ approval, underscoring the group’s ongoing internal project integration while maintaining regulatory compliance.
The most recent analyst rating on (HK:2380) stock is a Hold 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 development, operation and management of energy projects, with a focus on power generation and related engineering services through its subsidiaries. The group operates within the broader electricity and energy infrastructure sector, providing system design, equipment procurement, construction, installation and technical support services for power and environmental protection projects.
Average Trading Volume: 15,574,306
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$40.57B
For detailed information about 2380 stock, go to TipRanks’ Stock Analysis page.