Huadian New Energy Discloses Restructuring of Ownership
Huadian New Energy (SHA:600930) said controlling shareholder Huadian Furui plans to gratuitously transfer its 29% stake in the company to actual controller China Huadian.The move reduces Huadian Furui's holding to 16.22% from 45.22%, according to a Friday filing with the Shanghai bourse.Actual controller China Huadian's total combined ownership remains at 72.72%.Shares of the power company declined 3% in recent trade.