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Datang International Power Generation Co ( (HK:0991) ) has provided an announcement.
Datang International Power Generation Co. has agreed to form a new joint venture, Datang (Ordos) Energy Development Co., Ltd., with Jiangsu Guoxin Group and Ordos New Energy to develop and construct the Inner Mongolia to Jiangsu Power Transmission Project. The vehicle will have registered capital of RMB10 billion, with Datang holding a controlling 51% stake, Jiangsu Guoxin owning 34%, and Ordos New Energy taking 15%, all funded in cash.
The transaction is classified as a discloseable transaction under Hong Kong listing rules, triggering reporting and announcement obligations but not higher approval thresholds. By securing majority control in a large-scale cross-regional transmission project, Datang is strengthening its role in China’s power infrastructure buildout and reinforcing its strategic positioning in long-distance power delivery from resource-rich Inner Mongolia to demand-heavy Jiangsu.
More about Datang International Power Generation Co
Datang International Power Generation Co. is a major Chinese power producer operating as a Sino-foreign joint stock company, with its shares listed in Hong Kong. The company focuses on power generation and related energy infrastructure projects across China, supporting regional electricity supply and grid development.
Average Trading Volume: 29,592,746
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$73.66B
Learn more about 0991 stock on TipRanks’ Stock Analysis page.