Huadian Power International strengthens board, secures 3 bn yuan in fresh financing
Huadian Power International Corporation held the 27th meeting of its tenth board of directors on September 25, 2025, approving several key appointments. Li Quancheng was elected as vice chairman, and Huang Kemeng was appointed to both the audit committee and the remuneration and assessment committee. Li Quancheng and Shen Ling were also appointed to the nomination committee. All appointments are effective until the end of the tenth board's term.
Concurrently, the company also released resolutions from its second extraordinary general meeting of shareholders for 2025, also held on September 25, 2025. Shareholders approved the election of company directors, independent directors, and the 2025 interim cash dividend plan, with significant majority votes in favor across all proposals.
In a related development, Huadian Power International successfully completed the issuance of its fourth and fifth tranches of 2025 ultra-short-term commercial paper. The fourth tranche raised 1.5 bn yuan with a 100-day term and an interest rate of 1.60%, while the fifth tranche secured 1.5 bn yuan over 66 days at 1.63%. The proceeds from both issuances will be utilized to repay maturing debts and supplement working capital.
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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