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China Resources Power Holdings Co ( (HK:0836) ) just unveiled an announcement.
China Resources Power Holdings plans to spin off a coal-fired power plant in Jiaozuo, Henan, into a publicly traded infrastructure securities investment fund on the Shenzhen Stock Exchange. The company, through affiliated entities CAMC and CITICS, has submitted registration and listing applications for the new public fund to the China Securities Regulatory Commission and the exchange.
The transaction involves selling the plant-owning project company into an infrastructure REIT structure while the group subscribes for about 51% of the fund units as a strategic investor, keeping the asset consolidated on its books. The proposed spin-off, which is small enough to avoid Hong Kong major transaction requirements, is intended to unlock capital from the project while maintaining operational control, though completion remains subject to regulatory review and market execution.
The most recent analyst rating on (HK:0836) stock is a Sell with a HK$14.89 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.
More about China Resources Power Holdings Co
China Resources Power Holdings is a Hong Kong–incorporated power company focused on generating and supplying electricity in mainland China. Its portfolio includes coal-fired power plants, and it operates through project subsidiaries while accessing capital markets in Hong Kong and the mainland to support infrastructure investments.
Average Trading Volume: 15,601,211
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$101.4B
See more insights into 0836 stock on TipRanks’ Stock Analysis page.