
China Longyuan Power Shareholders Approve Targeted A-Share Issuance Plan

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China Longyuan Power Group's shareholders approved a targeted A-share issuance plan during an extraordinary meeting in Beijing. The plan includes details on share type, issuance method, target investors, and intended use of proceeds. This approval allows the company to proceed with targeted equity financing. The stock is currently rated as Hold with a HK$7.00 price target. China Longyuan Power is a major Chinese power producer focused on wind and renewable energy projects.
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