CHINA HK POWER (00931) plans to offer rights issue discounts to international financial institutions to expand its capital base and is currently proceeding with the acquisition of a large LNG project.
China Power International Development Limited (00931) announced that the Board of Directors has noticed a significant fluctuation in the company's share price and trading volume recently.
CHINA HK POWER (00931) announces that the Board of Directors has noticed significant fluctuations in the company's share price and trading volume recently. After making reasonable inquiries into the situation, the Board confirms that, apart from information already disclosed, they are not aware of any reasons that may have caused these fluctuations, or any material that needs to be disclosed to avoid any false market in the company's securities, or any insider information that needs to be disclosed under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The Board also confirms that the Group's business operations remain normal, and as of the date of this announcement, there have been no significant changes in the Group's business operations and financial condition. In a voluntary announcement published by the company on October 20, 2025, the company has provided shareholders and potential investors with the latest business updates, including the ongoing negotiations for the acquisition of a large-scale liquefied natural gas project starting from May 1, 2025. The company has signed confidentiality agreements with a liquefied natural gas user company on September 12, 2025, and with an international financial company on July 1 and subsequently on August 1, 2025, for the project financing support.
The company hereby informs shareholders and potential investors that the Board is considering expanding the company's capital base by inviting the aforementioned international financial companies to subscribe to the company's shares at a discounted market price, in order to improve the company's financial performance and position. As of the date of this announcement, negotiations regarding the share placement are still ongoing, and the terms and details have not been finalized, nor have any agreements been reached.
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