For the first time in the year of rat, Changjiang Power increased its holding of energy application shares to 5percent

category:Finance
 For the first time in the year of rat, Changjiang Power increased its holding of energy application shares to 5percent


Prior to the increase, Changjiang Electric Power held 245 million shares of Shenneng shares with unlimited sale conditions through the centralized bidding method of Shanghai Stock Exchange, accounting for 4.98% of the companys total share capital. After the completion of the increase, Changjiang Electric Power Co., Ltd. has held 246 million shares of the company, accounting for 5% of the companys total share capital.

For the purpose of the increase, Changjiang Electric Power said that the increase is an investment behavior based on the recognition of Shennengs operation concept and development strategy, and the optimistic prospect of the listed companys future development.

At the same time, Changjiang Electric Power said that it plans to continue to increase its holding of no less than 1 million Shenneng shares in the next 12 months according to the overall situation of the securities market and factors such as the development of Shenneng shares and the stock price.

According to the data, Shenneng Co., Ltd. was restructured and established by the original Shenneng electric power development company, which is the first listed company in the national electric power and energy industry. At present, the power projects invested by the company are widely distributed in coal power, gas power, hydropower, nuclear power, wind power, photovoltaic power generation and other fields. As the main body of energy project development in Shanghai, the company provides exploration and development, investment and construction, operation and maintenance, fuel trade, energy conservation and environmental protection technology and other services for power, oil and natural gas projects.

Financial data shows that the operating revenue of Shenneng Co., Ltd. in the first three quarters of 2019 is about 28.423 billion yuan, an increase of 5.17% on a year-on-year basis, and the corresponding attributable net profit is about 1.676 billion yuan, an increase of 33.94% on a year-on-year basis.

Since 2019, Changjiang Power has frequently listed companies. On November 25, 2019, Changjiang Electric Power completed its first listing of Guiguan electric power, i.e. buying 1.61% of the companys equity once through bulk trading, raising the shareholding ratio to 5.93%.

At present, Yangtze River power has 5% or more shares of Hubei energy, Guangzhou development, Three Gorges water conservancy, Sichuan investment energy, SDIC power, Shanghai power, Guiguan power and other companies in China and abroad. In addition to listed companies, since the end of 2019, the merger and acquisition of Yangtze River power is also accelerating. In October 2019, Changjiang Power announced that the company purchased the power distribution and other assets of sempraenergy listed on the New York Stock Exchange in Peru through its wholly-owned subsidiary, Changdian international, with a transaction basis purchase price of US $3.59 billion and cash payment. On December 30, Changjiang Power announced that it had signed an equity acquisition agreement with Datang Yunnan to acquire 23% of the equity of Yunnan Huadian Jinshajiang Zhongyou Hydropower Development Co., Ltd. (Jinzhong company) listed and sold by Datang Yunnan in Shanghai United Property Rights Exchange, with a purchase price of 4.897 billion yuan. Source: responsible editor of Securities Times: Yang bin_nf4368

At present, Yangtze River power has 5% or more shares of Hubei energy, Guangzhou development, Three Gorges water conservancy, Sichuan investment energy, SDIC power, Shanghai power, Guiguan power and other companies in China and abroad.

In addition to listed companies, since the end of 2019, the merger and acquisition of Yangtze River power is also accelerating.

In October 2019, Changjiang Power announced that the company purchased the power distribution and other assets of sempraenergy listed on the New York Stock Exchange in Peru through its wholly-owned subsidiary, Changdian international, with a transaction basis purchase price of US $3.59 billion and cash payment.

On December 30, Changjiang Power announced that it had signed an equity acquisition agreement with Datang Yunnan to acquire 23% of the equity of Yunnan Huadian Jinshajiang Zhongyou Hydropower Development Co., Ltd. (Jinzhong company) listed and sold by Datang Yunnan in Shanghai United Property Rights Exchange, with a purchase price of 4.897 billion yuan.