China Power International Development (HK:2380) has released an update.
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China Power International Development has completed the sale of an 11% equity stake in Pingwei Power to Huainan Mining, reducing its ownership from 60% to 49%. This change means Pingwei Power is now classified as an associate rather than a subsidiary, affecting how its financials will be reported in China Power’s accounts. Investors may find this strategic shift significant as it could influence the company’s future financial performance.
For further insights into HK:2380 stock, check out TipRanks’ Stock Analysis page.
