English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 4 September 2023, 20:50 HKT/SGT
Share:
Major Shareholder of China Power (2380.HK) Invests Over HK$280 Million to Increase Stakes by Over 100 Million Shares

HONG KONG, Sept 4, 2023 - (ACN Newswire) - In response to recent stock price fluctuations, State Power Investment Corporation Limited (SPIC), the major shareholder of China Power International Development Limited (2380.HK) (the "Company"), believing in the prospect and value of the Company, undertook a series of strategic purchases of the Company's shares. Over the past three trading days, SPIC substantially increased its equity holding in the Company by a total of more than 100 million shares, involving a noteworthy investment amount exceeding HK$280 million. This demonstrates SPIC's resolute commitment to stabilizing the Company's share price and safeguarding the interests of shareholders as a whole, as well as its robust confidence in the Company's future.

Recently, the Company has received favourable ratings from prominent financial institutions such as HSBC, Citibank, and Changjiang Securities. Market holds the view that SPIC has a strong desire to build its flagship listing platform. The series of capital transactions in the Company in fact reaffirms the Company's stature as SPIC's flagship stock. With outstanding results made in the first half of the year, the Company's strategies were in place at such a fast rate surpassing market expectations. Therefore, market is highly optimistic about the Company's value appreciation and investment opportunities during the "14th Five-Year Plan" period.


Topic: Press release summary Sectors: Energy, Alternatives
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
Tat Hong Equipment Service Co., Ltd. Announces 2024/25 Interim Results  
Nov 22, 2024 19:56 HKT/SGT
CleverTap Recognized as a 'Strong Performer' in the Cross-Channel Marketing Hubs, Q4 2024 Report  
Friday, November 22, 2024 4:42:00 PM
DesignInspire opens on December 5, with free admission for the public  
Nov 22, 2024 15:30 HKT/SGT
Daeshin MC Co., Ltd. Unveils Its Clean Solutions Creating Pleasant Indoor Environments from Industrial Sites to Public Facilities  
Nov 22, 2024 11:00 HKT/SGT
Jacobson Pharma Announces FY2025 Interim Results  
Nov 22, 2024 10:00 HKT/SGT
NaaS Q3 2024 Recap: Strategic Shifts and Tech Innovations for Growth  
Thursday, November 21, 2024 9:59:00 PM
GMG Unveils SUPER G(R): A Game-Changing Graphene Solution for the Lithium-Ion Battery Industry  
Nov 21, 2024 21:29 HKT/SGT
neurocare Group AG Welcomes Kevin Reeder as Chief Financial Officer  
Nov 21, 2024 21:20 HKT/SGT
Experience the Power of Movement: Jin Pilates Brings Singapore's First Garuda Studio for Dynamic, Holistic Wellness  
Nov 21, 2024 20:19 HKT/SGT
SGX-Listed Mooreast Appoints Norwegian Eirik Ellingsen as CEO to Drive Growth in Global Floating Offshore Wind Market  
Nov 21, 2024 19:00 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575