Key Developments: Power Construction of China Corp Ltd (601669.SS)

601669.SS on Shanghai Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Power Construction Corporation of China Ltd updates business contracts
Sunday, 23 Nov 2014 07:00pm EST 

Power Construction Corporation of China Ltd:The company has signed business contracts worth 174.57 billion yuan in total during the period from January to October.The total amount includes domestic business contracts worth approximately 112.04 billion yuan and overseas business contracts worth approximately 62.53 billion yuan.  Full Article

RusHydro to cooperate with PowerChina in development of pumped storage capacity in Russia
Monday, 10 Nov 2014 02:00am EST 

Federal Hydro-Generating Company RusHydro OAO:JSC RusHydro announces signing of the agreement with Power Construction Corporation of China, Ltd on cooperation in development of Leningradskaya pumped storage plant (PSP) in Russia and potentially other PSP capacity.Says RusHydro and PowerChina have agreed to establish a joint venture (JV) with RusHydro's ownership at 51 pct and the remaining 49 pct held by PowerChina.Says the partners have also agreed that PowerChina can partner with other Chinese companies to create a consortium.  Full Article

Power Construction Corporation of China Ltd wins bid
Thursday, 6 Nov 2014 07:00pm EST 

Power Construction Corporation of China Ltd:Won bid to undertake a river channel improvement project in Bangladesh padma.Bid price is $1,113 million (6,850 million yuan) and construction period for four years.  Full Article

Power Construction Corporation of China announces change of accounting policy and accounting estimate
Thursday, 30 Oct 2014 08:00pm EDT 

Power Construction Corporation of China Ltd:Changed accounting policy according to new accounting standards released by Ministry of Finance, effective July 1.To change accounting estimate for classification standard, depreciation period and residual rate, effective Jan. 1, 2015.  Full Article

Power Construction Corporation of China subsidiaries to set up project company
Thursday, 30 Oct 2014 08:00pm EDT 

Power Construction Corporation of China Ltd:Says two subsidiaries Powerchina Road Bridge Group Co., Ltd. and Sinohydro Bureau 5 Co., Ltd. to set up project company with Sichuan Electric Power Design & Consulting Co., Ltd. and Sichuan No.3 Electric Power Construction Company.Project company to be engaged in investment and construction of infrastructure build-transfer (BT) project in Qingbaijiang District, Chengdu, with registered capital of 655 mln yuan.Two subsidiaries to hold 30 pct stake in the project company respectively, Sichuan Electric Power Design & Consulting to hold 30 pct and Sichuan No.3 Electric Power to hold 10 pct stake.  Full Article

Power Construction Corporation of China Ltd signs business contracts for Q1 to Q3 2014
Wednesday, 15 Oct 2014 08:00pm EDT 

Power Construction Corporation of China Ltd:Signed business contracts (including hydropower station project in South Sudan,Ethiopia and Pakistan) for152,950 million yuan for Q1 to Q3 2014.  Full Article

Power Construction Corporation of China to issue shares for stake acquisition and fund raising
Monday, 29 Sep 2014 08:00pm EDT 

Power Construction Corporation of China Ltd:To issue 3,948 mln shares at 3.63 yuan per share, to Power Construction Corporation of China in exchange for Power Construction Corporation of China's eight subsidiaries.The company will undertake turbine Power Construction Corporation of China's's debt, worth of 2,500 mln yuan.Transaction price valued at 16,830 million yuan.To issue 20 mln preferred shares with par value of 100 yuan per share through private placement, to raise up to 2,000 million yuan.  Full Article

Power Construction Corporation of China Ltd announces updates on business contracts
Monday, 22 Sep 2014 08:00pm EDT 

Power Construction Corporation of China Ltd:The company has signed business contracts worth 129.297 billion yuan in total during the period from January to August.The total amount includes domestic business contracts worth approximately 91.590 billion yuan and overseas business contracts worth approximately 37.707 billion yuan.  Full Article

Power Construction Corporation of China issues 2014 third tranche super short-term financing notes
Monday, 25 Aug 2014 08:00pm EDT 

Power Construction Corporation of China Ltd:Issued third tranche of super short-term financing notes for 2014 worth 2,200 mln yuan, with a term of 90 days and coupon rate of 4.65 pct.Issue price at 100 yuan per face value of 100 yuan and maturity date Nov. 18.Shanghai Pudong Development Bank served as main underwriter.  Full Article

Power Construction Corporation of China announces change in accounting policy
Thursday, 17 Jul 2014 08:00pm EDT 

Power Construction Corporation of China Ltd:The change of the accounting policy, regarding provision method of accounting receivable bad debts.  Full Article

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