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Huadian Power Completes Major Share Issuance to China Huadian

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Huadian Power Completes Major Share Issuance to China Huadian

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Huadian Power International ( (HK:1071) ) has issued an announcement.

Huadian Power International Corporation Limited has completed the issuance of 678,863,257 Consideration Shares to China Huadian as part of an asset purchase agreement. This transaction, confirmed by the China Securities Depository and Clearing Corporation Limited, increases China Huadian’s shareholding to approximately 47.80% of the total issued share capital, potentially strengthening its influence within the company and the broader energy market.

More about Huadian Power International

Huadian Power International Corporation Limited is a Sino-foreign investment joint stock company based in the People’s Republic of China. The company operates in the energy sector, focusing primarily on power generation and related services, with a significant market presence in China.

Average Trading Volume: 10,607,863

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$60.16B

See more insights into 1071 stock on TipRanks’ Stock Analysis page.

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