|
| Monday, 4 September 2023, 20:50 HKT/SGT | |
| |
|
|
|
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 © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Bluemount Holdings Limited Announces Pricing of $5.5 Million Initial Public Offering
July 11, 2025 08:28 HKT/SGT
|
|
|
ZA Miner Launches AI-Powered Bitcoin Mining Contracts, Marking Milestone in Cloud Mining Innovation 
July 11, 2025 07:00 HKT/SGT
|
|
|
XDS Datacentres and ICS Arabia partner to launch landmark 10MW Immersive Cooling Data Center in KSA
July 11, 2025 06:00 HKT/SGT
|
|
|
Alpaca Network Announces Launch of Modelz: The First Decentralized Exchange for AI Models
July 10, 2025 23:00 HKT/SGT
|
|
|
The 10th Quam IR Awards was Successfully Held
July 10, 2025 21:30 HKT/SGT
|
|
|
All-New MAZDA CX-5 Debuts in Europe
Thursday, July 10, 2025 5:56:00 PM
|
|
|
Sharp Signs Official Partnership with Tottenham Hotspur FC Pre-season Tour 2025 with Its AQUOS Brand
Thursday, July 10, 2025 4:30:00 PM
|
|
|
Tianci International: Discussing Strategic Opportunities for the Shipping and Logistics Industry to Integrate with Blockchain Technology and RWA
July 10, 2025 12:30 HKT/SGT
|
|
|
Tradable Bits Powers Fan Engagement for Rugby Australia's Hosting of the Qatar Airways British & Irish Lions Men's Tour 2025
July 10, 2025 07:30 HKT/SGT
|
|
|
Hola Prime Unveils 'Hola Prime Futures' with Industry-First 1-Hour Withdrawals, Expands Forex Offering with MT4 Integration
July 10, 2025 07:00 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
