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Huaneng Power Recovers Overdue Loan From Yingkou Port
Huaneng Power (00902.HK) has recovered overdue financial assistance payments.
Gelonghui November 25th | Huaneng Power International Electric Power Co., Ltd. (00902.HK) announced that Huaneng Power International Electric Power Co., Ltd. (the "Company") provided a RMB 75 million entrusted loan to its joint venture company Huaneng Yingkou Port Co., Ltd. ("Yingkou Port") on December 10, 2021, using its own funds for capital turnover. The loan term is from December 10, 2021, to December 10, 2022, with an interest rate of 4.35%. Due to the delay in the relevant procedures for additional external financing by Yingkou Port for repaying the entrusted loan, Yingkou Port failed to fully repay it on time.
Huaneng Power International, Inc. (600011.SH): All overdue financial assistance to Yingkou Port Authority has been fully recovered.
Gelonghui November 25th | huaneng power international,inc. (600011.SH) announced that on December 10, 2021, the company provided a RMB 75 million entrusted loan to its equity company, huaneng Yingkou Port Co., Ltd. (“Yingkou Port”) with its own funds, to be used for capital turnover. The loan term is from December 10, 2021 to December 10, 2022, with an interest rate of 4.35%. Due to the delay in the handling of the relevant procedures for the new external financing used by Yingkou Port to repay the entrusted loan, Yingkou Port has failed to fully repay the principal of this financial assistance on time. As of the date of this announcement, Yingkou Port
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