China Resources Power Wins CSRC Nod for Shenzhen Listing of New Energy Unit

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks China Resources Power Holdings Co ( (HK:0836) ) has issued an announcement. China Resources Power Holdings has announced that China’s securities regulator has approved the registration application for its subsidiary, China Resources New Energy Holdings Company Limited, to list on the Main Board of the Shenzhen Stock Exchange. The move advances the proposed spin-off of the group’s new energy arm, reflecting its strategy to unlock value from its renewables portfolio and provide investors with more direct exposure to its mainland green power operations. The company cautioned that the spin-off and A-share listing remain subject to prevailing market conditions, and it has not provided a firm timetable for completion of the transaction. It plans to release further announcements as required under Hong Kong listing rules, while advising shareholders and potential investors to exercise caution when dealing in its securities given the remaining execution uncertainties. The most recent analyst rating on (HK:0836) stock is a Sell with a HK$14.89 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page. More about China Resources Power Holdings Co China Resources Power Holdings is a Hong Kong-incorporated power company engaged in the generation and supply of electricity, with a growing focus on new energy assets in mainland China. The group is pursuing a spin-off of its new energy subsidiary, China Resources New Energy Holdings Company Limited, to list A shares on the Main Board of the Shenzhen Stock Exchange, positioning its renewables business directly in the mainland capital market. Average Trading Volume: 14,238,590 Technical Sentiment Signal: Strong Buy Current Market Cap: HK$105.5B Find detailed analytics on 0836 stock on TipRanks’ Stock Analysis page.