CR Power (836 HK): CSRC Clears Clean Energy Spin-Off
A fortnight after the Shenzhen Stock Exchange approved SOE-backed power play China Resources Power (836 HK) (CRP)’s A-share listing of its renewable energy unit, CSRC approval is now satisfied.
The process has taken over three years. Since that time, CRP’s earnings and attributable installed capacity, is now evenly split between its thermal and renewable energy segments.
With CSRC and SZSE approvals in the bag, the final stretch should move relatively quickly.
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