26 September 2018

Huaneng Power to sell port stakes, paper says

Huaneng Power International Inc. (00902.HK, 600011.CN) is selling its controlling stakes in three port companies in Fuzhou, Fujian province, for a combined 900 million yuan (US$147.72 million), China Securities Journal reported Sunday, citing information from the Shanghai United Assets and Equity Exchange. Only domestic port operators are qualified to buy the assets, the report said. The sale is part of plans to streamline Huaneng’s business and focus on its power generation operations, unnamed analysts were quoted as saying.

– Contact HKEJ at [email protected]



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