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Daiwa: In Jiangsu Province, electricity prices will decrease comprehensively by 2025. Currently, the preference in the Electrical Utilities Industry leans towards thermal power.
Daiwa predicts that the reduction in electricity prices in Jiangsu Province next year will lead to a narrowing of the dark spread for coal companies by 9 to 15 yuan per megawatt-hour.
The rebalancing pace has accelerated! Swiss Re Life invested 29.09 million Hong Kong dollars to increase its shareholding in CHINA LONGYUAN H shares. This year, insurance capital has sparked a new wave of "stake-building."
① This time, Ruizhong Life has increased its stake in CHINA LONGYUAN H shares as part of equity investment management; ② Asset returns are under pressure, and within the year, insurance funds have initiated a new round of "stake acquisition boom"; ③ As of December 25, at least 8 insurance institutions have increased their stakes in 20 listed companies this year.
RuiZhong Life increased its Shareholding in CHINA LONGYUAN to 1%. Insurance capital is Bullish on undervalued, high-dividend Assets.
① Increase the shareholding of CHINA LONGYUAN Listed in Hong Kong through self-owned funds via centralized bidding in the secondary market; ② After this shareholding increase is completed, Ruizhong Life will Hold 0.502 billion shares of CHINA LONGYUAN Listed in Hong Kong; ③ The funds for this shareholding increase come from self-owned funds.
China Longyuan Power Group Approves Key Resolutions
China Longyuan Power Sells 2 Billion Yuan of Three-Year Bonds
CHINA LONGYUAN (00916.HK) has completed the issuance of 2 billion yuan medium-term notes.
Gelonghui reported on December 19 that CHINA LONGYUAN (00916.HK) announced it has completed the issuance of the company's medium-term notes on December 18, 2024. The total amount of this medium-term note issuance is 2 billion yuan, with a term of 3 years, a face value of 100 yuan, and an interest rate of 1.85%. Interest will start to accrue from December 19, 2024.
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