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Datang International Power Generation Co ( (HK:0991) ) has issued an announcement.
Datang International Power Generation Co announced the signing of an Entrusted Loan Agreement with Ganzi Hydropower Company and Datang Finance Company. Under this agreement, Datang Finance Company will provide an entrusted loan of RMB1 billion to Ganzi Hydropower Company, which will be used for the construction of the Sichuan Changheba Hydro-photovoltaic Complementary Phase I 500MW Photovoltaic Project. This transaction is classified as a connected transaction due to the ownership structure involving CDC and its subsidiaries, but it is exempt from independent shareholder approval under the Hong Kong Listing Rules. The loan, with a fixed interest rate of 2.5% per annum, is expected to enhance the company’s project development capabilities and strengthen its position in the renewable energy sector.
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. The company operates in the power generation industry, focusing on providing electricity through various sources, including hydropower. It is a significant player in the Chinese energy market, with a substantial portion of its shares held by China Datang Corporation (CDC) and its subsidiaries.
Average Trading Volume: 28,083,801
Technical Sentiment Signal: Buy
Current Market Cap: HK$57.25B
See more data about 0991 stock on TipRanks’ Stock Analysis page.