Huaneng Power International (HK:0902) has released an update.
Huaneng Power International, Inc. has announced that its affiliate, Huaneng Structural Adjustment Fund, has acquired 15 million A shares, which is a 0.0956% stake in the company, with a plan to further increase its holdings by 0.15% to 0.21% within the next three months. The Fund’s total share acquisition will not lead to a change in the controlling shareholders of the company, although the implementation of the plan may be affected by fluctuating market conditions.
For further insights into HK:0902 stock, check out TipRanks’ Stock Analysis page.