Huaneng Power International's Parent Boosts Stake in Firm
Huaneng Structural Adjustment Fund bought 15 million A shares in Huaneng Power International (HKG:0902, SHA:600011) on Sept. 9, according to a Monday filing with the Hong Kong Exchange.
Huaneng Structural Adjustment is a private equity fund owned 86.25% by Huaneng Group, the ultimate controlling shareholder of Huaneng Power International.
Before the acquisition, Huaneng Group and its concert parties held a combined 7.23 billion shares in Huaneng Power, equivalent to a 46.09% stake.
Following the share purchase, Huaneng Group's shareholding in Huaneng Power rose to 46.19%.
The purchaser intends to acquire more A shares of the company, the filing stated.
Price (HKD): $4.15, Change: $-0.040, Percent Change: -0.95%
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