Huadian Power International (HK:1071) has released an update.
Huadian Power International Corporation Limited has announced a temporary suspension of its A shares trading due to a potential asset restructuring proposal by its controlling shareholder, China Huadian Corporation Ltd. The transaction involves the acquisition of equity interests in multiple energy companies through a combination of share issuance and cash payment, as well as raising ancillary funds. The deal is subject to compliance with the Hong Kong Listing Rules, and trading suspension is to avoid market speculation and protect investor interests during this period of uncertainty.
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