Huadian Power International ( (HK:1071) ) just unveiled an update.
Huadian Power International Corporation Limited has announced its plan to spin off and separately list a publicly traded real estate investment trust (REIT) for infrastructure assets on the Shanghai Stock Exchange. The company has submitted the necessary application materials to the China Securities Regulatory Commission and the Shanghai Stock Exchange. This strategic move involves utilizing the Huadian Hangzhou Natural Gas Heat and Power Co-Generation Project as the underlying infrastructure project for the REIT, aiming to enhance its market positioning and potentially attract new investors.
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. The company operates in the energy sector, focusing on power generation and related services, and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 2.99%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.16B
See more data about 1071 stock on TipRanks’ Stock Analysis page.