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China Power International Development ( (HK:2380) ) has provided an announcement.
China Power International Development announced a series of connected transactions as part of a proposed asset pre-restructuring plan. The company is entering into acquisitions and joint ventures to streamline its operations, including external acquisitions by Wu Ling Power and forming joint ventures such as Wu Ling-Equivalent JV and Changzhou-Equivalent JV. These strategic moves aim to facilitate asset divestments and optimize the company’s asset structure, potentially impacting its market positioning and stakeholder interests.
More about China Power International Development
China Power International Development is a company incorporated in Hong Kong, focusing on power generation and related sectors. It engages in various transactions and restructuring activities to optimize its asset portfolio and enhance its operational capabilities.
YTD Price Performance: -2.37%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.59B
See more insights into 2380 stock on TipRanks’ Stock Analysis page.
