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Guangzhou Development Plans to Raise Subsidiary's Capital for Power Plant Expansion
We Think Guangzhou Development Group (SHSE:600098) Is Taking Some Risk With Its Debt
Guangzhou Development Group Incorporated (600098.SH) wholly-owned subsidiary intends to sell unit #1 and #2 along with related supporting equipment at a base price of 0.114 billion yuan.
Guangzhou Development (600098.SH) announced that to implement the national requirements for the clean and low-carbon transformation of coal power, the industry of coal power 'first establishes...'
Guangzhou Development Group Incorporated (600098.SH): A subsidiary plans to increase capital by 0.16 billion yuan to Jinghai Power Company in proportion to its shareholding.
Gelonghui on November 29th: Guangzhou Development (600098.SH) announced that in order to promote the expansion project of units 5 and 6 of Huilai Power Plant, Jinghai Power Generation Company, Guangdong Yuedian Electrical Utilities, intends to increase capital to Jinghai Power Generation Company by 160.9954 million yuan according to its shareholding ratio.
Guangzhou Development Group Incorporated (600098.SH): Subsidiaries plan to sell part of the assets through public listing.
On November 29, Gelonghui reported that guangzhou development group incorporated (600098.SH) announced its cooperation with the construction of the 2×600MW coal power eco-friendly concept replacement project at the Guangzhou Pearl River Power Plant, to dispose of equipment that has reached its service life, maximize asset value recovery, and approved its wholly-owned subsidiaries, Pearl Power Company, Development Terminal Company, and Fuel Company to publicly auction the #1 and #2 units and related supporting equipment. The transfer base price will be determined based on the recorded appraised value of 113,870,005.83 yuan (including tax) for the sale of the units and related equipment scheduled for shutdown.
Guangzhou Development Group Incorporated (600098.SH): The company is following up on the use of perovskite cecep solar energy battery.
On November 18, Glonghui reported that guangzhou development group incorporated (600098.SH) stated during the performance presentation that the shareholder is in the process of issuing convertible bonds in accordance with relevant regulations. In recent years, the company's overall financing interest rates have been continuously declining. The company is following up on the use of perovskite cecep solar energy batteries.
Guangzhou Development Group (SHSE:600098) Is Reinvesting At Lower Rates Of Return
