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Huadian Power International ( (HK:1071) ) has issued an announcement.
Huadian Power International Corporation Limited has approved a Capital Increase Agreement with Huadian Jinsha River, a subsidiary of its controlling shareholder, China Huadian. The agreement involves Huadian Jinsha River increasing its registered capital by RMB5.0 billion, with Huadian Power subscribing to RMB600 million, maintaining its 12% equity interest. This transaction is classified as a connected transaction under Hong Kong Listing Rules, requiring annual reporting and announcement but exempt from independent shareholders’ approval. The capital increase will be funded by existing shareholders in proportion to their equity interests, and Huadian Jinsha River’s results will continue to be recorded using the equity method in Huadian Power’s financial statements.
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 incorporated in the People’s Republic of China. It operates in the energy sector, focusing on power generation and related services. The company is involved in the development, construction, and operation of power plants, primarily serving the Chinese market.
Average Trading Volume: 15,341,113
Technical Sentiment Signal: Buy
Current Market Cap: HK$66.68B
Find detailed analytics on 1071 stock on TipRanks’ Stock Analysis page.