Summary by Moomoo AI
Huaneng Power announced on November 26, 2024 that it will carry out a plan to issue 1.31 billion shares. The purpose of this issuance is to raise funds to support the company's future development and expansion strategy. The company expects that this move will help enhance its market competitiveness and financial stability.Specific details of this issuance plan have not been fully disclosed, but the company stated that more information will be provided at the appropriate time. Investors should closely monitor subsequent announcements to learn more about the terms and conditions of the issuance. Huaneng International Power emphasizes that this issuance will comply with all relevant legal and regulatory requirements.Looking ahead, the company expects that this fundraising will provide strong support for its continued growth in the electrical utilities industry. Huaneng International Power will continue to focus on improving operational efficiency and expanding market share to achieve long-term shareholder value growth.