HONG KONG (AFX-ASIA) – Huaneng Power International Inc (902.HK) shares have moved higher over the past week after the company announced plans to buy assets and interests in five power plants in China for 4.575 billion yuan, dealers said. (US$1=8.27 yuan). Huaneng Power said the acquisitions will increase its equity-based generation capacity by 3,096 megawatts…
CHINA: Huaneng Power higher in Hong Kong on asset purchase plans; Morgan Stanley ups target price
Posted on April 26, 2004 by EnergyAsia