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Tianneng Power International ( (HK:0819) ) just unveiled an update.
Tianneng Power International Limited has announced plans to broaden its financing channels by issuing corporate bonds and targeted debt financing instruments through its subsidiaries in China. Tianneng Share, an 86.53%-owned subsidiary, will apply for the issuance of corporate bonds worth up to RMB2 billion, while Tianneng Holding, a wholly-owned subsidiary, will issue targeted debt financing instruments of the same amount. These financial moves are aimed at optimizing the company’s financing structure and enhancing its market positioning, although the issuance may not proceed as planned.
More about Tianneng Power International
Tianneng Power International Limited is a company incorporated in the Cayman Islands, primarily involved in the energy and power industry. It focuses on the development and production of batteries and related energy storage solutions, with a significant presence in the Chinese market.
Average Trading Volume: 6,260,751
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$7.65B
Learn more about 0819 stock on TipRanks’ Stock Analysis page.