HONG KONG (AFX-ASIA) – Beijing Datang Power Generation Co Ltd (991.HK) said it has changed its name to Datang International Power Generation Co Ltd. The company’s share certificates will be issued in the new name from April 28, it said in a statement.
Separately, Huaneng Power (902.HK) said it plans to distribute five bonus shares for every 10 held in an exercise involving the issue of 3.013 million new shares based on the capitalisation of a credit of 3.013 billion yuan on the reserve fund.
The company, which also proposed a dividend per share of 5 yuan, will pay the 6.028 billion yuan for the dividend and bonus issue out of its accumulated net profit of 10.967 billion yuan as at Dec 31, 2003.
The remaining earnings of 4.94 billion yuan will be reserved for future distribution, the company said in a statement.
The company said it will hold its annual meeting in Beijing on May 11 and will seek shareholders’ approval for the proposed bonus share issue and capital conversion plan.