Key Developments For Huaneng Power International, Inc.
Huaneng Power International, Inc. (HNP) (NYSE Arca)
Huaneng Power International Inc Announces Agreement To Purchase Assets And Establish Plant
Huaneng Power International Inc announced that on October 20, 2009, it entered into a Huaneng Group framework agreement and the transaction regarding the establishment of Shidaowen Nuclear Power Plant pursuant to the capital contribution agreement. Under the agreement, purchase of coal and transportation services by the Company from Huaneng Group and its subsidiaries and associates under the Huaneng Group framework agreement and the transaction regarding the establishment of Shidaowen Nuclear Power Plant under the capital contribution agreement will be conducted.
Huaneng Power International Inc Announces FY 2009 Net Profit Guidance In-Line With Analysts' Guidance
Huaneng Power International Inc announced that it expects its net profit for fiscal year 2009 to be positive, compared to that of fiscal year 2008. According to Reuters research, analysts expect the Company's net profit for fiscal year 2009 to be RMB 4.06196 billion.
Huaneng Power International Inc to Acquire 55% Stake in Tianjin-Based Thermoelectricity Company and 41% Stake in Beijing Huaneng Thermal Power Company Limited
Huaneng Power International Inc announced that it will purchase a 55% stake in a Tianjin-based thermoelectricity company from China Huaneng Group and a 41% stake in Beijing Huaneng Thermal Power Company Limited from Huaneng International Power Development Corporation at RMB 1.076 billion and RMB 1.272 billion, respectively.
Huaneng Power International, Inc. Announces Issues Of Debentures
Huaneng Power International, Inc. announced that it has completed the issue of the second tranche of the Company's short-term debenture for 2009 on September 9, 2009 (the debenture). The debenture was issued and placed through book-building. The total issuing amount was RMB5 billion with a maturity period of 270 days whereas the unit face value is RMB100 and the interest rate is 2.32%. Bank of China Limited acts as the lead underwriter to form the underwriting syndicate for the Debenture, which will be placed through book-building and issued in the bond market among banks in the PRC. The proceeds from the debenture will be used to repay bank loans, improve the Company’s debt structure and supplement short-term operational working capital.
Huaneng Power International, Inc. International To Sell CNY5 Billion Nine Months Bills-DJ
Dow Jones reported that Huaneng Power International, Inc. plans to sell CNY5 billion ($732 million) worth of nine-month bills on the interbank market Wednesday. The Company said in a statement it will use the proceeds to repay bank loans and supplement working capital. Bank of China Ltd. is the main underwriter of the deal.
