GO
| HSI1 | 24,718.10 | +468.81 | 316.44B |
| HSCEI1 | 8,374.43 | +157.35 | 90.88B |
| Back Zoom + Zoom - Block Traded | |
|
CHINA RES POWER Proposes Spin-off of China Resources New Energy for A-Share Listing, to Raise RMB24.5B
2026-06-11 10:08:21 CHINA RES POWER (00836.HK) announced the latest update on the proposed spin-off and A-share listing of China Resources New Energy Holdings. A total of 2.107 billion new shares of the SpinCo (before the exercise of the overallotment option, representing 16.2% of the enlarged issued share capital) or 2.423 billion new shares of the SpinCo (after the full exercise of the over-allotment option, representing 18.19% of the enlarged issued share capital) will be offered for subscription by investors under the Proposed Spin-off and the A Share Listing. The total proceeds of RMB24.5 billion raised are expected to be mainly applied to (1) renewable energy base projects; (2) multi-energy complementarity and integration projects; (3) green ecological development comprehensive utilization projects; (4) integrated development-oriented renewable energy projects. China Resources New Energy is primarily engaged in the investment, development, operation and management of wind and photovoltaic power stations in the PRC, with electricity as its principal product. Its business covers 31 provinces in the PRC. As of 31 December 2025, the wind power stations had an on-grid installed capacity of 27,630.7 MW; and the photovoltaic power stations had an on-grid installed capacity of 13,959.2 MW. Upon completion of the Proposed Spin-off and the A Share Listing, the Company’s control over China Resources New Energy will decrease from 100% to 83.8% (before the exercise of the overallotment option) or 81.81% (after the full exercise of the over-allotment option). ~ AASTOCKS Financial News Website: www.aastocks.com | |