Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02380 CHINA POWER
RTNominal up3.400 +0.030 (+0.890%)
Others

09/11/2017 08:40

China Power to raise HK$4.4bn from 1-for-3 rights issue

[ET Net News Agency, 9 November 2017] China Power International Development (02380)
said it proposes to raise about HK$4,462 million to HK$4,469 million through a rights
issue on the basis of one rights share for every three existing shares held at HK$1.82 per
rights share.
The subscription price represents a discount of about 27.5% to the closing price of
HK$2.51.
Without taking into account the set-off arrangements, the estimated net proceeds will be
about HK$4,410 million to HK$4,417 million. The funds raised from the proposed rights
issue will be used to finance the consideration for the proposed acquisitions of certain
clean energy power companies from ultimate controlling company State Power Investment
Corporation. (HL)

Back to Others

Remark: Real time quote last updated: 19/09/2024 16:40
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.