China Resources Power hit 3-month high as unit plans Shenzhen listing

China Resources Power Holdings

17/03/2025 06:42

** Shares of China Resources Power Holdings 0836.HK jump 4.3% to HK$19, their highest point since December 24, 2024

** Stock post the biggest intraday pct gain since October 19, 2024

** China Resources Power says its unit, China Resources New Energy Holdings, which operates wind farms and photovoltaic power plants, has applied for a separate listing on the Shenzhen Stock Exchange

** The Chinese power plant operator says it has received a notice of acceptance for its application from the Shenzhen bourse. The A-Share listing is subject to approval from the CSRC and the Shenzhen Stock Exchange, among other requirements

** The Hang Seng Composite Index, which tracks energy stocks .HSCIE, adds 0.7% while Hang Seng Index .HSI gains 0.9%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))