CHINA HK POWER issued over 700 million new shares to the chairman, with a loan of 260 million yuan
CHINA HK POWER (00931.HK) announced that it will issue 722 million new shares to Chairman and controlling shareholder Jian Zhijian, capitalizing a loan of 260 million yuan. The issue price is 0.36 yuan, equivalent to today's (5th) closing price. After completion, Jian Zhijian and his concerted parties' shareholding in the company will increase from 50.59% to 54.96%
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