Huaneng Power International Approves RMB 1 Billion Renewable Entrusted Loan to Chaohu Power

Reuters
2026.02.11 14:21
portai
I'm PortAI, I can summarize articles.

Huaneng Power International Inc. has approved a renewable entrusted loan of up to RMB 1 billion to Chaohu Power. This financing aims to support thermal power enterprises, aligning with state directives for energy security and reducing asset-liability ratios. The loan will have a fixed interest rate based on fundraising costs and taxes, with terms determined by actual agreements. As a connected transaction under Hong Kong Listing Rules, it requires independent shareholders' approval and disclosure. This news was generated by Public Technologies and is for informational purposes only.