China Resources Power Holdings Co (HK:0836) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
China Resources Power Holdings has completed a connected transaction involving the subscription of 168.1 million new shares by Commotra Company Limited, raising approximately HK$3.31 billion. This capital injection will be utilized to repay financial liabilities, while the transaction has adjusted the company’s shareholding structure, slightly increasing the stake held by CRH (Power) Limited. The move reflects strategic financial management as the company aims to strengthen its balance sheet.
For further insights into HK:0836 stock, check out TipRanks’ Stock Analysis page.
