China Resources Power Raises HK$3.88 Billion via Share Placement

China Resources Power Holdings Co (HK:0836) has released an update.

China Resources Power Holdings Co has successfully completed the placing of 198.5 million new shares, raising approximately HK$3,886.63 million. The funds will be utilized to bolster cash reserves and repay financial liabilities, including bank borrowings. This strategic move slightly diluted the controlling shareholders’ stake, with the new shares representing a 3.96% increase in the company’s issued share capital.

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