China Power’s Subsidiary Secures EPC Contract for Power Transmission Line

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China Power’s Subsidiary Secures EPC Contract for Power Transmission Line

China Power International Development ( (HK:2380) ) just unveiled an update.

China Power International Development Limited announced that its subsidiary, Haiwei Wind Power, has entered into an EPC Contracting Agreement with Shandong Institute for power transmission line engineering. This agreement, valued at RMB61,509,000, involves comprehensive services including survey design, equipment procurement, and construction. The transaction is considered a connected transaction under the Listing Rules due to the relationship with SPIC, the company’s controlling shareholder. While it requires announcement and reporting, it is exempt from independent shareholders’ approval.

More about China Power International Development

China Power International Development Limited is a company incorporated in Hong Kong, primarily engaged in the power generation industry. It focuses on the development, operation, and management of power plants, with a significant market presence in renewable energy projects.

YTD Price Performance: 1.32%

Technical Sentiment Signal: Buy

Current Market Cap: $4.66B

For an in-depth examination of 2380 stock, go to TipRanks’ Stock Analysis page.

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