China Power International Cuts Stake in Pingwei Power to 49%

MT Newswires Live

2024/12/31

China Power International Development (HKG:2380) completed the deemed disposal of an 11% stake in Pingwei Power to Huainan Mining, according to a Tuesday filing.

As a result, the company diluted its shareholding in Pingwei Power to 49% from 60%, with the latter now serving as an associate instead of a subsidiary.

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