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Datang International Power Generation Co ( (HK:0991) ) has shared an announcement.
Datang International Power Generation Co., Ltd. announced that its board of directors has approved a series of financial measures aimed at supporting affiliated entities and reinforcing its position in the nuclear power segment. The board resolved to extend entrusted loans totaling RMB12.85 million to Fujian Datang International Ningde Power Generation Co., Ltd. and Hebei Weizhou Energy Comprehensive Development Co., Ltd., providing targeted funding to these businesses. In addition, the company will inject approximately RMB617 million as a capital increase into China Datang Corporation Nuclear Power Company Limited, maintaining its 40% equity stake while strengthening the nuclear subsidiary’s capital base. The capital increase is classified as a connected transaction, with interested directors abstaining and independent directors having given prior approval, underlining the governance and compliance framework around Datang Power’s continued investment in nuclear power development.
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., Ltd. is a Sino-foreign joint stock limited company incorporated in the People’s Republic of China, primarily engaged in the generation and supply of electric power. Listed in Hong Kong, the company operates a portfolio of power generation assets and participates in related energy ventures, including nuclear power through equity interests in specialized subsidiaries, reflecting its focus on diversified power generation within China’s energy market.
Average Trading Volume: 22,195,224
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$65.71B
See more insights into 0991 stock on TipRanks’ Stock Analysis page.