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Datang International Power Generation Co ( (HK:0991) ) just unveiled an update.
Datang International Power Generation Co has agreed to inject RMB616.9 million in cash into its 40%-owned Datang Nuclear Company, alongside a RMB925.4 million capital contribution from its controlling shareholder, China Datang Corporation (CDC), which holds the remaining 60%. Following the capital increase, total capital contributions to Datang Nuclear Company will rise to RMB1.89 billion from Datang International and RMB2.83 billion from CDC, with their respective shareholdings unchanged. The transaction, classified as a connected transaction because CDC is the controlling shareholder and Datang Nuclear is its associate, falls within the reporting and announcement thresholds under Hong Kong listing rules but is exempt from independent shareholders’ approval and does not qualify as a discloseable transaction. The move underscores Datang International’s continued financial support for its nuclear power platform without diluting its stake, indicating a sustained commitment to nuclear power development while maintaining compliance with connected transaction regulations.
The most recent analyst rating on (HK:0991) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Datang International Power Generation Co stock, see the HK:0991 Stock Forecast page.
More about Datang International Power Generation Co
Datang International Power Generation Co is a Sino-foreign joint stock limited company incorporated in the People’s Republic of China and listed in Hong Kong, primarily engaged in power generation. Through its subsidiaries and affiliates, the company participates in various segments of the electricity sector, including nuclear power via Datang Nuclear Company, reflecting its strategic focus on diversified power generation within China’s evolving energy market.
Average Trading Volume: 22,195,224
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$65.71B
For detailed information about 0991 stock, go to TipRanks’ Stock Analysis page.