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The latest update is out from Datang International Power Generation Co ( (HK:0991) ).
Datang International Power Generation Co. has agreed to provide an entrusted loan of RMB600 million to its 52.5%-owned subsidiary, Chaozhou Power Generation, via Bank of China to finance construction expenditures for the Datang Chaozhou Power Plant Units 5-6 project. The 10-year loan, running from 19 December 2025 to 11 December 2035, carries a fixed annual interest rate of 2.75%, with interest payable annually and principal plus unpaid interest due in a lump sum at maturity, and no handling fees due to its alignment with the company’s special bond business scope; as a connected transaction under Hong Kong listing rules, it is subject only to reporting and announcement requirements and is exempt from independent shareholders’ approval, underscoring the group’s continued internal funding support for capacity expansion.
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., a Sino-foreign joint stock company incorporated in the PRC and listed in Hong Kong, operates in the power generation industry. Through subsidiaries such as Chaozhou Power Generation, it develops and operates large-scale power plants, focusing on expanding generating capacity and related infrastructure projects in China.
Average Trading Volume: 23,864,940
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$61.79B
For a thorough assessment of 0991 stock, go to TipRanks’ Stock Analysis page.