China Power International Development (HK:2380) has released an update.
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China Power International Development Limited announced a deemed disposal of an 11% equity stake in Pingwei Power to Huainan Mining. The transaction involves a cash contribution of RMB 152.82 million, calculated based on an asset-based valuation approach due to uncertainties in predicting future income. This move reflects the company’s strategic financial adjustments amid the development of the Pingwei Phase IV Project.
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