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Private Companies Are Huadian Power International Corporation Limited's (HKG:1071) Biggest Owners and Were Hit After Market Cap Dropped HK$2.9b
Huadian Power International to Purchase Stake in Multiple Assets, Plans to Issue New Shares to Raise Funds
HK stock movement: Huadian Power International Corporation (01071) A shares resumed trading with a drop of more than 6%, while H shares dropped more than 5%. The company plans to issue new shares and pay cash to acquire assets from its parent company.
Huadian Power International Corporation's (01071) A shares resumed trading today, with its stock price dropping over 6% during the session. H shares followed suit and fell over 5% in the morning session. As of press time, A shares had fallen nearly 6% and H shares had fallen 4%, closing at HKD 3.84, with a turnover of HKD 82.6883 million.
Huadian Power plans to acquire a series of equity interests and raise matching funds through the issuance of ordinary shares (A shares) and cash payment.
Huadian International Power Company Limited (01071) announced that it plans to acquire 80% equity of Huadian Jiangsu Energy Co., Ltd. held by China Huadian Corporation Limited through the issuance of ordinary shares (A shares) and payment in cash. Fujian Huadian Furai Energy Development Co., Ltd. holds 51% equity of Shanghai Huadian Fuxin Energy Co., Ltd., Shanghai Huadian Minhang Energy Co., Ltd. 100% equity, Guangzhou University City Huadian New Energy Co., Ltd. 55.0007% equity, Huadian Fuxin Guangzhou Energy Co., Ltd. 55% equity, Huadian Fuxin Jiangmen Energy Co., Ltd. 70% equity, Huadian Fuxin Qingyuan Energy Co., Ltd.
Huadian Power Proposes Board Member Change
Huadian Power to Decide on 2024 Dividend Plan
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