Shanghai Electric Power (600021.SH): plans to conduct perpetual bond financing with the controlling shareholder.
Gelonghui reported on April 11 that Shanghai Electric Power (600021.SH) announced that, after review and approval by the company's fourth extraordinary general meeting of Shareholders in 2021, its wholly-owned subsidiary in Hong Kong conducted perpetual bond financing of 0.3 billion USD from the company's controlling shareholder, State Power Investment Corporation, in December 2021. This financing will reach its first redemption date in June 2025. To lower financing costs and ensure smooth fund transitions, the Hong Kong company plans to conduct perpetual bond financing of 0.3 billion USD (equivalent to approximately 2.2 billion RMB) with an SPV company, which is 100% owned by the treasury company under State Power Investment Corporation, for the purpose of replacing maturity.
Shanghai Electric Power (600021.SH): From January to March, the power generation was 19.372 billion kilowatt-hours, an increase of 1.59% year-on-year.
Gelonghui, April 8 - Shanghai Electric Power (600021.SH) announced that, according to the company's Statistics, from January to March 2025, the company completed a consolidated power generation of 19.372 billion kilowatt-hours, an increase of 1.59% year-on-year. Among this, coal power completed 12.729 billion kilowatt-hours, an increase of 0.51% year-on-year; gas power completed 2.089 billion kilowatt-hours, a decrease of 6.71% year-on-year; wind power completed 2.963 billion kilowatt-hours, an increase of 0.16% year-on-year; photovoltaic power generation completed 1.591 billion kilowatt-hours, an increase of 31.75% year-on-year; and the grid-connected electricity amount was 18.548 billion kilowatt-hours, an increase of 1.58% year-on-year.
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Shanghai Electric Power: 2024 Annual Report of Shanghai Electric Power Co., Ltd. (full text)
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Shanghai Electric Power (600021.SH): intends to jointly invest in the State Power Investment incubation company with related parties.
On December 30, Longruhui reported that Shanghai Electric Power (600021.SH) announced that, through the sixth extraordinary meeting of the Board of Directors in 2024, the company and its subsidiaries Jiangsu and Zhejiang will collectively contribute 163.76 million yuan to increase capital and invest in Guodian Technology Incubation Co., Ltd.
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