FINWIRES · TerminalLIVE
FINWIRES

CGN New Energy's April Power Output Slides 1.6%

By

CGN New Energy (HKG:1811) generated 1,651.1 gigawatt-hours of power in April, down 1.6% from a year earlier, according to a Thursday filing with the Hong Kong bourse.

Of the total, power generated from Chinese solar projects and hydro projects increased 25% and 80%, respectively.

Output from Chinese wind projects fell 22% and 16%, respectively, while that from Korean projects rose 31%.

Power generation for the first four months of the year amounted to 6,415.6 GWh, down 0.5% from a year earlier.

Related Articles

Asia

Bagmane Prime Office REIT Opens 3.4% Higher on Debut

Blackstone-backed Bagmane Prime Office REIT (NSE:BAGMANE, BOM:544758) opened 3.5% higher at 103.50 rupees on its trading debut on Thursday, compared with its IPO price of 100 rupees, according to BSE data.The IPO raised about 34.05 billion rupees and comprised a fresh issue worth 23.90 billion rupees and an offer-for-sale worth 10.15 billion rupees by existing unit holders, including Blackstone, according to the company's final offer document filed with SEBI.The IPO was subscribed 23 times, with the retail investor portion subscribed about six times, reflecting strong demand for the issue, according to a Bloomberg report.

$BOM:544758$NSE:BAGMANE
Asia

Endeavour Group Confirms Tim Poole as Independent Chairman

Endeavour Group's (ASX:EDV) board confirmed the appointment of Tim Poole as its independent chairman, effective Thursday, according to a same-day filing with the Australian bourse.Duncan Makeig has completed his term as the company's interim chairman and will remain as a non-executive director, per the filing.Endeavour Group shares were down 2% in recent Thursday trade.

$ASX:EDV
Asia

Jefferies Adjusts Tokyo Seimitsu's Price Target to 22,000 Yen from 18,000 Yen, Keeps at Buy

Tokyo Seimitsu (TYO:7729) has an average rating of overweight and mean price target of 17,775 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$TYO:7729