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Huadian Power International ( (HK:1071) ) has issued an update.
Huadian Power International has received approval from the China Securities Regulatory Commission for the registration of its Infrastructure Real Estate Investment Trust (REIT) and has been granted a waiver by the Stock Exchange to proceed with the proposed spin-off and separate listing of the REIT on the Shanghai Stock Exchange. This strategic move is expected to enhance the company’s operational focus on infrastructure assets, although not all existing shareholders will be entitled to hold units in the new listing due to regulatory constraints.
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, focusing on power generation and related services.
Average Trading Volume: 10,635,367
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$63.74B
Learn more about 1071 stock on TipRanks’ Stock Analysis page.