CHINA POWER News

China Power Initiates Strategic Asset Pre-Restructuring

TipRanksJan 17 07:08 ET

CHINA POWER (02380.HK) subsidiary enters into an external acquisition agreement with Wuling.

On January 17, Gelonghui reported that CHINA POWER (02380.HK) announced that on October 18, 2024, the company and Guangxi Company respectively entered into Restructuring Framework Agreement I and Restructuring Framework Agreement II with Spic Yuanda Environmental-Protection regarding the asset restructuring proposal. Before proceeding with the asset restructuring proposal, Wuling Power and Zhangzhou Hydropower will conduct pre-restructuring transactions as follows. On January 17, 2025, the relevant sellers (i.e., (i) State Power Investment Corporation contacts and (ii) Peking Xinying) entered into the Wuling External Acquisition Agreement with the buyer (i.e., Wuling Power), under which Wuling Power conditionally agreed to acquire the related seller conditionally.

Gelonghui FinanceJan 17 07:08 ET

Express News | China Power International Development - Wu Ling Power to Acquire Wu Ling External Acquisitions Interests for RMB1.23 Bln

ReutersJan 17 06:58 ET

CITIC SEC: In 2025, the power grid will face intense policy-driven catalysts; it is recommended to invest in the Ultra High Pressure Sector with strong policy synergy.

The bank is Bullish on the fact that grid investment will maintain double-digit growth in 2025, and it is expected that with the implementation of key matters such as the subsequent National Grid annual work conference, the Industry will enter a phase of intensive policy catalysis.

Zhitong FinanceJan 14 19:06 ET

China Power International Development Limited (HKG:2380) Could Be Riskier Than It Looks

Simply Wall StJan 4 21:11 ET

Announcement Highlights | The December Electric Vehicles sales report has been released! BYD sold 0.515 million vehicles in a month, and "Weixiaoli" reached new highs together; 13.138 billion Hong Kong dollars! Alibaba fully divested from SUNART RETAIL, a

GCL NEWENERGY plans to sell its photovoltaic assets in Micron; XINYI SOLAR's annual profit may drop by more than 70%.

cls.cnJan 1 19:42 ET

China Power International Cuts Stake in Pingwei Power to 49%

MT NewswiresDec 31, 2024 03:07 ET

CHINA POWER (02380.HK): Completion of the deemed disposal matter, the company's equity stake in Pingwei Power Generation diluted to 49%.

On December 31, Gelonghui reported that CHINA POWER (02380.HK) announced the sale of an 11% stake in Pingwei Power to Huainan Mining ("Considered Sale"). After the transaction, the company's stake in Pingwei Power has been diluted from 60% to 49%. Pingwei Power will no longer be a subsidiary of the company and will become an associate company. Accordingly, the group will use the equity method to account for the financial performance and financial position of Pingwei Power in its consolidated financial statements.

Gelonghui FinanceDec 31, 2024 01:56 ET

SICHUAN EN INV recommends appointing Yao Gengsheng as a non-executive Director.

SICHUAN EN INV (01713) announced that due to changes in work arrangements, Ms. Han Chunhong has tendered her resignation as a non-executive director and a member of the audit committee. After receiving a recommendation from CHINA POWER INTERNATIONAL DEVELOPMENT CO., LTD. (which is a Shareholder), the Board of Directors has proposed the appointment of Mr. Yao Gengsheng as a non-executive director, but it must await approval from the Shareholders at the extraordinary general meeting before it can take effect.

Sina Hong Kong StocksDec 26, 2024 19:39 ET

Announcement highlights | CHINA POWER's electricity sales volume increased by nearly 30% year-on-year in the first 11 months; WUXI APPTEC plans to sell its WuXi ATU Business in the USA and United Kingdom.

WUXI APPTEC plans to sell its WuXi ATU Business in the USA and United Kingdom; GF SEC's proprietary business can participate in carbon emission trading at legal trading venues within the territory.

cls.cnDec 26, 2024 19:18 ET

China Galaxy Securities: Spot market pricing is based on supply and demand, and mergers and acquisitions of Electrical Utilities central enterprises are expected to accelerate.

China Galaxy Securities believes that, from the perspective of underlying pricing logic, spot electricity prices are mainly influenced by fuel costs and the supply and demand of Electrical Utilities. Against the backdrop of a downward shift in coal price fundamentals, it is expected that thermal power companies in provinces with a high proportion of market coal and strong layout demand will have supported profits in 2025.

Zhitong FinanceDec 26, 2024 07:22 ET

CHINA POWER (02380.HK) had a consolidated total electricity sales volume of 8.7531 million megawatt-hours in November, a decrease of 4.84% year-on-year.

Glory Exchange reported on December 24 that CHINA POWER (02380.HK) announced that based on the company's preliminary Statistics, the group's consolidated total electricity sales volume for November 2024 was 8,753,059 MWh, a decrease of 4.84% compared to the same period last year; while the consolidated total electricity sales volume for the first eleven months of 2024 was 116,973,727 MWh, an increase of 27.02% compared to the same period last year.

Gelonghui FinanceDec 24, 2024 03:05 ET

China Power International Reports Mixed Electricity Sales

TipRanksDec 23, 2024 23:38 ET

Express News | China Power International Development - Combined Total Electricity Sold in November 8.8 Mln Mwh

ReutersDec 23, 2024 23:34 ET

China Power International Development Units to Get Wastewater Facility Upgrade Services

MT NewswiresDec 20, 2024 07:55 ET

China Power's Strategic Equity Disposal in Pingwei Power

TipRanksDec 20, 2024 05:39 ET

Xinchen China Power Moves Forward With Brilliance China Deal

TipRanksDec 20, 2024 04:16 ET

[Hong Kong Stock Connect] CHINA POWER (02380) upgrades wastewater treatment facilities for 79.8 million yuan.

Jingu Financial News | CHINA POWER (02380) announced that its subsidiaries, Pingwei No. 2 Power Plant and Pingwei No. 3 Power Plant, in which it holds a 60% stake, have signed two general contracting contracts regarding the upgrading of wastewater treatment facilities with Yuanda Water Affairs, with a total price of approximately 79.8 million yuan (about 85.809 million HKD). According to the announcement, Yuanda Water Affairs, as the general contractor, will provide equipment procurement, installation construction, and other services for the wastewater treatment facility upgrades at Pingwei No. 2 and No. 3 Power Plants. The wastewater treatment facility upgrade project reflects the aim to reduce waste and conserve freshwater resources. Traditionally, coal-fired power plants consume a large amount of water during the flue gas desulfurization process.

Jingwu Finance NewsDec 19, 2024 20:06 ET

China Power Secures Wastewater Upgrade Deals With Yuanda

TipRanksDec 19, 2024 06:38 ET

CHINA POWER (02380.HK): Pingwei II Power and Pingwei III Power have entered into a general contracting agreement.

On December 19, Glorious Holdings reported that CHINA POWER (02380.HK) announced that on December 19, 2024, Pingxie No. 2 Power and Pingxie No. 3 Power (both subsidiaries with a 60% equity stake owned by the company) signed General Contract I and General Contract II with Yuanda Water Affairs. According to these general contracts, Yuanda Water Affairs will provide services for the upgrading project of the wastewater treatment facilities for Pingxie No. 2 Power and Pingxie No. 3 Power at a total price of 79,802,500 yuan.

Gelonghui FinanceDec 19, 2024 06:24 ET