Huaneng Power International Plans RMB12.75 Billion Entrusted Loans to Key Subsidiaries
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Huaneng Power International plans to provide RMB12.75 billion in entrusted loans to its subsidiaries, Shandong Company and Chaohu Power, to enhance thermal power supply capabilities. The loans, requiring independent shareholder approval, are part of continuing connected transactions under Hong Kong listing rules. This funding aims to stabilize operations while adhering to regulatory requirements protecting minority investors. The latest analyst rating for Huaneng Power International (HK:0902) is a Hold with a price target of HK$5.50.
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