China Power International Development (HK:2380) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Power International Development Limited is considering a proposed asset restructuring after receiving a proposal from its ultimate controlling shareholder, State Power Investment Corporation Limited (SPIC). The restructuring would involve the company using its controlling stakes in hydropower subsidiaries to acquire new shares in Yuanda Environmental, potentially making China Power the controlling shareholder of Yuanda Environmental. However, the deal is in its preliminary stages, with details yet to be confirmed and subject to regulatory approvals and other conditions.
For further insights into HK:2380 stock, check out TipRanks’ Stock Analysis page.
