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CGN Power Issues 1.5 Billion Yuan of Short-Term Debts
CGN Power (SHE:003816, HKG:1816) completed the issue of 1.5 billion yuan worth of super short-term debentures on June 11, according to a Thursday filing with the Hong Kong Exchange. The debt securitie
CGN Power (01816.HK) has completed the issuance of 1.5 billion yuan worth of ultra-short-term financing, which will last for 268 days.
On June 13th, Guolong News reported that CGN Power (01816.HK) announced the completion of the issuance of the second ultra short-term financing bond ("the second ultra short-term bond") for 2024 on June 11, 2024. The total amount of the second ultra short-term bond was CNY 1.5 billion.The term is 268 days, the face value is CNY 100 yuan, the issuance interest rate is 1.79%, the interest starts on June 12, 2024, and the maturity date is March 7, 2025. CEB Bank Co., Ltd. acts as the bookkeeping manager and organizes the underwriting group. The second ultra short-term bond is issued through bookkeeping filing and centralized placement.
Stocks in the electric power sector rose across the board in the Hong Kong stock market, with an expected increase in electricity consumption during the summer. Under the new electricity market, the valuation of thermal power is expected to be reshaped.
According to the Zhitong Finance APP, electric power stocks are generally rising, as of press time, CGN Power (01816) rose 3.68% to HKD 3.88; China Power (02380) rose 3.23% to HKD 3.84; China Resources Power (00836) rose 2.16% to HKD 23.65; Huadian Power International Corporation (01071) rose 1.18% to HKD 5.15. In terms of news, the National Energy Administration recently issued a notice on guaranteeing the consumption of new energy and promoting high-quality development of new energy. The notice clarifies the full play of the electricity market mechanism in promoting the construction of a new power system.
Electrical utilities stocks are collectively rising, CGN Power (01816) has risen by 3.99%. Institutions point out that the decline in electricity production costs is advantageous for the profit performance of mainland electrical utilities companies.
Jingu News | Electrical utilities stocks rose collectively, CGN Power (01816) up 3.99%, China Longyuan (00916) up 3.98%, China Resources Power (00836) up 3.67%, China Power (02380) up 2.96%, Datang International Power Generation (00991) up 2.92%, Xinyi Energy (03868) up 2.65%. In terms of news, ICBC Asia pointed out that as the electricity demand in the mainland continues to increase at different levels, coupled with the increase in the use of electricity due to the development of new technologies, it will benefit the income of electricity companies. At the same time, with the decline in the production cost of electricity, it is expected to be beneficial.
Hong Kong stock market change | CGN Power (01816) rose nearly 5%, leading the rise in electric utilities stocks. The policy focus is still on ensuring power consumption, and it is expected that the operators will be fully re-evaluated.
Zhitong Finance App learned that electric power stocks rose across the board today. As of press time, CGN Power (01816) rose by 4.81%, closing at HKD 3.27; China Suntien Green Energy Corporation (00956) rose by 4.25%, closing at HKD 3.8; Huaneng Power International, Inc. (00902) rose by 2.05%, closing at HKD 5.47; and Huadian Power International Corporation (01071) rose by 2.22%, closing at HKD 5.07. Changjiang Securities believes that the recent Notice on Doing a Good Job in the Consumption of New Energy and Ensuring the High-quality Development of New Energy issued by the National Energy Administration indicates that project construction for new energy and complementary power grids will be accelerate, and relevant units will be urged to cancel
As of June 11th, CGN Power Co., Ltd. manages a total of 28 operating units.
On June 11th, Gelunhui reported that CGN Power Co., Ltd. (003816.SZ) stated on its investor platform that as of June 11th, the company manages a total of 28 units in operation and 10 units that have been approved or are under construction. The company's reserved plant site ranks among the top in China, and it will actively carry out preparatory work for its projects, striving to obtain more national approvals.
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