Huadian Power share issuance review suspended by SSE
Huadian Power International Corporation (SSE:600027) announced that the Shanghai Stock Exchange (SSE) has suspended its review of the company's proposed issuance of A shares and cash payment for asset acquisition, including the purchase of equity in several energy firms from China Huadian Corporation, including an 80% stake in Huadian Jiangsu Energy Co., Ltd. The suspension is due to the expiration of the financial data included in the application documents, requiring the submission of updated information. Huadian Power stated that it will work to update the required financial data and resubmit for review and that the suspension does not have a material impact on the transaction. The proposed transaction is still subject to approval from the China Securities Regulatory Commission (CSRC).
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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