HK Stock Market Move | China HK Power (00931) rises by over 5% again. The company is planning to issue discounted shares to international financial institutions to expand its capital base.

CHINA HK POWER (00931) rose more than 5%, up 3.45% at the time of publication, trading at 0.6 Hong Kong dollars with a turnover of 6.4045 million Hong Kong dollars. On the news front, CHINA HK POWER had previously announced that the group's business operations remain normal, despite any unknown reasons causing fluctuations in the stock price and trading volume. In October, the company disclosed that it is currently in discussions for the acquisition of a large-scale liquefied natural gas project since May 1, and has signed confidentiality agreements with a liquefied natural gas user company on September 12, as well as with an international financial company on July 1 and August 1 to obtain 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 international financial companies mentioned above to subscribe to the company's shares at a discount to the market price, in order to enhance the company's financial performance and condition. As of the date of this announcement, discussions on the share placement are still ongoing, and the terms and details have not been finalized, nor have any agreements been reached.