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Huadian Power (01071) rose against the market by 3.66% in the Hong Kong stock connect, announcing asset restructuring matters.
Jinwu Financial News | Huadian Power International (01071) rebounded higher in early trading. As of press release, it reported HK$3.97, up 3.66%, with a turnover of HK$93.5248 million. According to the news, the company recently received the controlling shareholder Huadian Group's intention to plan asset restructuring matters relating to the company. The company plans to purchase 80% of Huadian Jiangsu Energy Co., Ltd. shares held by Huadian Group through the issuance of common shares (A shares) and cash payment. Fujian Huadian Furui Energy Development Co., Ltd. holds 51% of Shanghai Huadian Fu New Energy Co., Ltd., 100% of Shanghai Huadian Minhang Energy Co., Ltd., Guangzhou
Huadian Power Applies to Suspend Trading in Shanghai Ahead of Proposed Stake Acquisition Deals; Hong Kong Shares Rise 4%
Huadian Power International (SHA:600027, HKG:1071) applied for a suspension of trading in its Shanghai shares in preparation for its purchase of shares in certain entities, according to a Friday
Hong Kong Shares Fall, Tracking Wall Street's Losses -- Market Talk
Hong Kong shares are lower in early trade, tracking Wall Street's overnight losses. The U.S. stock market indices ended markedly weaker as the slide in technology shares spread and pressured small cap and financial shares, UOB analysts say in a commentary.
HKEX News | Huadian Power International Corporation (01071) opened nearly 4% higher and intends to purchase multiple equity holdings held by Huadian Group and others.
China Datang Corporation International Power Generation Co Ltd (01071) opened 4% higher, and as of publication, rose 3.92%, trading at HKD 3.98 with a turnover of HKD 8.8356 million.
Huadian Power Announces Trading Suspension Amid Restructuring
Huadian Power International Corporation Limited (01071.HK): Plans to issue shares and pay cash to purchase assets and raise supporting funds. A shares will be suspended from July 19.
Huadian International Power Corporation (01071.HK) announced that it has recently received notification from its controlling shareholder, China Huadian Corporation Ltd. ("Huadian Group"), regarding a proposed asset restructuring involving the company. The company plans to purchase 80% equity of Huadian Jiangsu Energy Co., Ltd. held by Huadian Group by issuing ordinary shares (A shares) and paying cash. The company also plans to purchase 51% equity of Shanghai Huadian Fuxin Energy Co., Ltd. held by Fujian Huadian Furry Energy Development Co., Ltd., and 100% equity of Shanghai Huadian Minhang Energy Co., Ltd., 55% equity of Guangzhou University City Huadian New Energy Co., Ltd.,
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