The latest update is out from China Power International Development ( (HK:2380) ).
China Power International Development Limited announced that its 63%-owned subsidiary, Wu Ling Power, has issued a RMB400 million Sci-Tech Note in the PRC. This issuance is part of a strategic move to manage its debt, with proceeds aimed at repaying a previous tranche. The note is backed by intellectual property related to clean energy technologies, reflecting the company’s commitment to innovation in the energy sector. The issuance was rated AAA by China Chengxin International Credit Rating Co., Ltd., indicating a stable outlook, and was underwritten by several major banks, highlighting strong financial backing and confidence in Wu Ling Power’s operations.
More about China Power International Development
China Power International Development Limited, incorporated in Hong Kong, operates in the energy sector with a focus on clean energy solutions. The company is involved in the development and management of power generation facilities, emphasizing intelligent clean energy operation and maintenance technologies.
YTD Price Performance: 4.74%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.81B
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