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Electrical utilities sector charged successfully?
Extreme weather is affecting electrical utilities supply. Since the start of summer, most southern regions have experienced continuous rainfall, with some areas facing flood situations. Meanwhile, northern regions have been experiencing sustained high temperatures leading to severe drought in some areas. This polarization of south flooding and north drought has resulted in a rapid growth of electricity demand in the north, potentially extending the bullish trend in the electrical utilities sector.
China Longyuan Power Completes the Issuance of Ultra-Short Term Debentures
China Longyuan Power Group (HKG:0916) has completed the issuance of ultra-short term debentures on June 14, a Monday filing with the Hong Kong Exchange said. The issuance was supposed to raise 1.50 bi
China Longyuan Power (00916.HK) completed the issuance of 1.5 billion yuan of super short-term commercial paper.
On June 17th, Geelong released an announcement that China Longyuan Power (00916.HK) had completed the issuance of commercial paper on June 14, 2024. The total amount of this commercial paper issuance is RMB 1.5 billion, with a term of 85 days, a unit face value of RMB 100 yuan, and a coupon rate of 1.75%. Interest will be calculated starting from June 17th, 2024. The funds raised from this commercial paper issuance will mainly be used to supplement the daily working capital and repay the interest-bearing debts of the issuer and its subsidiaries.
China Longyuan (00916) fell by 4.64% due to previous shareholding reduction of 1,925,400 shares by Blackrock.
Golden Finance News | China Longyuan (00916) stock price has repeatedly fallen, as of the time of publication, it was reported at 7.4 Hong Kong dollars, a decrease of 4.64%, with a turnover of 426 million Hong Kong dollars. On the news front, according to the latest equity disclosure information from the Hong Kong Stock Exchange, on June 11, 2024, China Longyuan suffered a shareholding reduction of 1.9254 million shares by BlackRock, Inc. at an average price of 7.7021 Hong Kong dollars per share, involving about 14.83 million Hong Kong dollars. After the shareholding reduction, BlackRock, Inc.'s latest holding of good shares is 198,190,868 shares, and the shareholding ratio has decreased from 6.03%.
HK stocks fluctuate | Electric power stocks collectively fell. On June 16, the provincial purchasing electricity prices fell, institutions stated that there is no need to worry excessively about the profitability of coal power.
Electric power stocks collectively fell. As of the time of publication, Huadian Power International Corporation (01071) fell 4.55% to HKD 5.03; China Longyuan (00916) fell 3.48% to HKD 7.48; Huaneng Power International, Inc. (00902) fell 3.21% to HKD 5.42; China res power (00836) fell 1.91% to HKD 23.1.
China Longyuan (00916.HK) was subject to a shareholding reduction of 1.9254 million shares by BlackRock.
According to the latest equity disclosure information from the Hong Kong Stock Exchange on June 17, Longyuan Power (00916.HK) was reduced by BlackRock, Inc. in the exchange at an average price of 7.7021 Hong Kong dollars per share on June 11, 2024, with a total reduction of 1.9254 million shares, involving about 14.83 million Hong Kong dollars. After the reduction, BlackRock, Inc.'s latest holding volume was 198,190,868 shares, and the holding proportion decreased from 6.03% to 5.97%.
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