SDIC Power plans to raise no more than 7 billion yuan through a private placement to the National Social Security Fund, with an issuance price of 12.72 yuan per share
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SDIC Power plans to conduct a targeted A-share issuance to the National Social Security Fund, raising no more than 7 billion RMB at an issue price of 12.72 RMB per share. This issuance will make the Social Security Fund a shareholder with more than 5% ownership, constituting a related party transaction. The planned number of shares to be issued is 550,314,465 shares, and the funds raised will be used for clean energy projects, with 4.5 billion RMB allocated to the Mengdigou Hydropower Station and 2.5 billion RMB allocated to the Kara Hydropower Station
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