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An announcement from Datang International Power Generation Co ( (HK:0991) ) is now available.
Datang International Power Generation Co., Ltd. announced a connected transaction involving an entrusted loan of RMB1 billion through Datang Finance Company to Ganzi Hydropower Company, aimed at supporting the Sichuan Changheba Phase I Photovoltaic Project. This initiative aligns with national strategies to stabilize growth and expand investment, as the project has been approved for special bonds funding by the State-owned Assets Supervision and Administration Commission. The entrusted loan, facilitated by Datang Finance Company at a competitive handling fee, ensures financial support for the project, promoting efficient investment and high-quality development.
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, operating in the power generation industry. The company focuses on generating and supplying electricity, with a market focus on renewable energy projects such as hydro-photovoltaic complementary systems.
YTD Price Performance: 46.66%
Average Trading Volume: 29,901,862
Technical Sentiment Signal: Buy
Current Market Cap: HK$58.87B
For detailed information about 0991 stock, go to TipRanks’ Stock Analysis page.