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CHINA POWER (02380.HK)'s SPIC HYDROPOWER (600292.SH) Plans A-Share Placement, Raising Up to RMB5B
2026-06-29 10:09:07 CHINA POWER (02380.HK) announced that its non-wholly owned subsidiary SPIC HYDROPOWER (600292.SH) intends to proceed with a new A-share placement plan, with total expected gross proceeds of no more than RMB5 billion. The number of shares to be issued will not exceed 30% of SPIC HYDROPOWER's total share capital. CHINA POWER stated that the proposed issuance of new shares under the placement is expected to dilute the company's equity interest in SPIC HYDROPOWER and will constitute a deemed disposal under the Listing Rules. However, upon completion of the placement, SPIC HYDROPOWER is expected to remain a subsidiary of the company, and its financial results, assets and liabilities will continue to be consolidated into the group's consolidated financial statements.(gc/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |