China Resources Power Wins Shenzhen Approval for New Energy A-Share Spin-Off
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China Resources Power Holdings Co has received approval from the Shenzhen Stock Exchange for its subsidiary, China Resources New Energy Holdings, to issue and list A shares. This is a significant step in the planned spin-off of its new energy operations. However, the spin-off is still subject to regulatory consent and market conditions. Shareholders are advised to exercise caution until the process is finalized. The latest analyst rating for China Resources Power stock is a Sell, with a price target of HK$14.89.
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