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Datang International Power Generation Co ( (HK:0991) ) has shared an announcement.
Datang International Power Generation Co., Ltd. has convened its first extraordinary general meeting of 2026 for 27 March in Beijing to seek shareholder approval for providing financial assistance to a joint venture. Holders of H-shares must be on the register by 24 March 2026 to attend and vote, and proxy arrangements are available subject to the company’s procedural requirements.
The proposed resolution covers an entrusted loan of RMB4.2 million to Hebei Weizhou Energy Comprehensive Development Co., Ltd., a 50:50 joint venture with Kailuan Group, to support a flexible peak shaving and capacity expansion project for unit 1. Funded via ultra-long-term special government bonds and channelled through China Datang Group Finance Company, the loan is intended to ease Weizhou Energy’s financing pressure, accelerate project construction, and enhance coal-fired unit efficiency and grid support without materially affecting Datang Power’s own operations or liquidity.
The financial assistance has already been approved by Datang Power’s board but, because the joint venture’s asset-liability ratio exceeds 70%, it also requires approval at the extraordinary general meeting under Shanghai Stock Exchange rules. The project is positioned to capitalize on national action plans for large-scale equipment renewal and energy conservation and carbon reduction, potentially strengthening Datang Power’s role in policy-driven upgrades of China’s power infrastructure and offering operational benefits to both the company and its stakeholders.
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 power producer incorporated in the People’s Republic of China and listed in Hong Kong. The company focuses on coal-fired and other power generation assets, serving China’s electricity market and participating in energy transition and efficiency upgrade initiatives aligned with national policies.
YTD Price Performance: 18.10%
Average Trading Volume: 21,040,913
Technical Sentiment Signal: Buy
Current Market Cap: HK$73.72B
See more data about 0991 stock on TipRanks’ Stock Analysis page.