China Power International Development (HK:2380) has released an update.
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China Power International Development has entered into a new cooperation agreement with Huainan Mining, which involves transferring a 9% equity interest in Pingwei II and Pingwei III. This move is expected to enhance their “coal-and-power joint operation” model, with China Power maintaining a controlling stake. The agreement aims to maximize synergies in coal-fired and new energy power sectors.
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