PowerChina s spin off and listing is conducive to the development of PowerChina s new energy investm

Mondo Finance Updated on 2024-02-29

**Star News, China Power Construction (601669) replied to investors' concerns on the investor relations platform on February 28.

Investors:The company just raised more than 13 billion yuan last year, and immediately wanted to spin off and continue to raise funds in the secondary market.

Secretary of the Board of Directors of PowerChina:Hello investors, thank you for your attention and support to the company! The spin-off and listing is conducive to the development of PowerChina's new energy investment business. The spin-off and listing of PowerChina New Energy Company is a major strategic initiative for PowerChina to actively implement the national dual-carbon strategy and fulfill the responsibilities of central enterprises; Compared with the "small, scattered and weak" development of various subsidiaries in the past, PowerChina will better seize the "double carbon" development opportunities and efficiently promote strategic transformation after the spin-off and listing. At the same time, PowerChina New Energy will continue to be the most important consolidated enterprise in PowerChina's new energy business segment and contribute returns to shareholders of listed companies. Thank you again for your attention and support to the company!

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