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An update from Datang International Power Generation Co ( (HK:0991) ) is now available.
Datang International Power Generation Co., Ltd. announced provisions for asset impairment, retirement of assets, and write-off of preliminary expenses for certain affiliated enterprises. This decision, approved by the board of directors, aims to reflect the true asset condition and operational results of the company. The impairments include provisions for bad debts, construction in progress, and debt investments, totaling significant amounts due to uncollectible accounts, suspended projects, and terminated plans. These measures are expected to impact the company’s financial statements, highlighting challenges in asset recovery and project feasibility.
More about Datang International Power Generation Co
Datang International Power Generation Co., Ltd. is a sino-foreign joint stock limited company incorporated in the People’s Republic of China. The company is involved in power generation and operates in the energy sector, focusing on both traditional and renewable energy sources.
YTD Price Performance: -0.01%
Average Trading Volume: 314,000
Technical Sentiment Signal: Sell
Current Market Cap: £4.96B
See more insights into 0991 stock on TipRanks’ Stock Analysis page.
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