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Huadian Power International ( (HK:1071) ) has provided an update.
Huadian Power International Corporation Limited has successfully completed the issuance of new A Shares to raise ancillary funds, with the registration finalized at the Shanghai Branch of China Securities Depository and Clearing Corporation Limited. The issuance involved 705,349,794 shares at an issue price of RMB4.86 per share, raising approximately RMB3.43 billion. The funds are expected to support the company’s financial strategies and enhance its market position. The issuance attracted several significant subscribers, including Lord Abbett China Asset Management Co., Ltd. and China State-owned Enterprise Structural Adjustment Fund Phase II Co., Ltd., indicating strong investor confidence in the company’s future prospects.
The most recent analyst rating on (HK:1071) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Huadian Power International stock, see the HK:1071 Stock Forecast page.
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. It operates in the energy sector, primarily focusing on the generation and sale of electricity. The company is listed on the Hong Kong Stock Exchange under the stock code 1071.
YTD Price Performance: 14.18%
Average Trading Volume: 15,366,583
Technical Sentiment Signal: Buy
Current Market Cap: HK$61.71B
Find detailed analytics on 1071 stock on TipRanks’ Stock Analysis page.