Datang International Power Generation Co (HK:0991) has released an update.
Datang International Power Generation Co., Ltd. has announced the sale of debts totaling RMB 1,164.78 million from its subsidiary, Beijing Datang Fuel Company, to Ordos Jincai Asset Management Co., Ltd. This strategic financial move, approved by the company’s board and independent of any related party transactions, does not require shareholder approval or additional regulatory consent under the Hong Kong Listing Rules. The debts in question were audited and valued prior to the transfer, ensuring transparency and due diligence in the process.
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