RANK 266. China’s state-owned electric utility giant China Huaneng Group Co. plans to acquire and delist its Hong Kong-listed wind power unit.. Huaneng Group didn’t disclose the terms of a potential offer in a filing to the Hong Kong stock exchange Monday, only saying that acquiring all the outstanding H shares could result in the privatization and delisting of Huaneng Renewables Corp. Analysis: Jack Ma Needs a Refresher on How Financial Regulation Works. Market data provided by Interactive Data. In March, State Power Investment Corp. announced a plan to delist its clean energy development unit, China Power Clean Energy Development Co. Ltd. State Power attributed the delisting to long-tern low turnover and poor performance of the unit’s stock, making it difficult to raise funds from the stock market. This year's Global 500 generated $33.3 trillion in... CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. From the Fortune 500, here are the biggest Chinese companies on the stock market: Here they are with with their turnover and profits (US$bn). RANK 266. Get new posts sent to you by internet elves. Hong Kong, September 27, 2019 -- Moody's Investors Service has assigned a first-time A2 issuer rating to China Huaneng Group Co., Ltd. (CHGC). Global 500 - 2020 This year's Global 500 generated $33.3 trillion in... READ MORE view in list. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. China Huaneng Group plans to acquire and delist HK-Listed unit. Moody's Investors Service 30 Sep 2019 Credit Opinion China Huaneng Group Co., Ltd.: New issuer. In December 2010 it agreed to buy 50% of US-based international power generation company Intergen. All Rights Reserved. From the Fortune 500, here are the biggest Chinese companies on the stock market:. (This is one of the difficulties of the Chinese economy, where corporations can be state-owned and listed on the stock market). They are ranked by turnover, not profits or market cap. Quotes delayed at least 15 minutes. As of the end of June, the company had net assets of 30.9 billion yuan. Analysts at Credit Suisse AG said the privatization plan could boost short-term stock prices of the wind energy sector. Huaneng Renewables has good fundamentals and reported better-than-expected half-year earnings, which may trigger a high premium offer from the parent company, Zhou said. This is not the first case of privatization of Hong Kong-listed units of state-owned utilities. FORTUNE may receive compensation for some links to products and services on this website. Photo: VCG, Caixin China Biz Roundup: UMC Pleads Guilty to Stealing Trade Secrets from U.S. Company, Gallery: Tibetan Palace Gets Annual Facelift, Semiconductor Tech Trends Favor China in the Long Term, Cover Story: A Fugitive Businessman’s High-Profile Bet in Myanmar, Financial Sector Should Avoid ‘Wrong Paths’ of Speculation, Bubbles and Ponzi Schemes, Vice President Says. The parent company owns 52% of Huaneng Renewables’ shares. These are the twenty stocks this website will be mostly keeping an eye on, as well news from state-owned enterprises and up-and-coming companies like Lenovo, Tencent and Sina. Further reading has shown me that China National Petroleum and Shenhua Group should be on the stock list, through their subsidiaries PetroChina and China Shenhua Energy. Lists ranking China Huaneng Group. All Rights Reserved. China’s state-owned electric utility giant China Huaneng Group Co. plans to acquire and delist its Hong Kong-listed wind power unit. China Huaneng Group Co., Ltd.: Proposed privatization will have minimal effect on credit profile. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices  Huaneng Group didn’t disclose the terms of a potential offer in a filing to the Hong Kong stock exchange Monday, only saying that acquiring all the outstanding H shares could result in the privatization and delisting of Huaneng Renewables Corp. Shares of Huaneng Renewables jumped 21.66% Monday to close at HK$2.64 ($0.34).

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