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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 signed a RMB59.86 million contract with Shandong Ludian, another unit of the group’s controlling shareholder SPIC, to supply dedusting facilities for the Liutang Project. The deal underscores the company’s role in delivering environmental control equipment within the power sector and highlights continued intra-group project cooperation, though the connected nature of the transaction means it is subject to Hong Kong listing disclosure rules even as it remains exempt from independent shareholder approval.
Under the agreement, Yuanda Engineering will provide a full suite of dedusting equipment and related services, including design, procurement, fabrication, installation, commissioning, training and warranty support for one year after performance testing. Payments will be made in stages tied to project milestones, from a 10% prepayment after signing through to a 5% retention released at the end of the warranty period, aligning cash flow with project execution and performance risk for both parties.
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 is a Hong Kong–incorporated power producer with operations under the control of State Power Investment Corporation, which holds a majority stake. Through subsidiaries such as Yuanda Engineering Company, it provides engineering and equipment solutions that support power generation and environmental protection projects across China.
Average Trading Volume: 23,875,771
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$42.68B
Find detailed analytics on 2380 stock on TipRanks’ Stock Analysis page.