BEIJING, April 9 (Xinhua) -- State Power Investment Co., Ltd. (SPIC), one of China's major power producers, announced on Tuesday to press ahead with asset integration and listing of quality assets via expediting related merger and acquisition (M&A) and other ways, reported Xinhua Finance.
With firm confidence in China's long-term economic prospects and capital market development, SPIC took the move to improve the quality of its listed companies.
Currently, three of SPIC-controlled listed companies, namely China Power International Development Ltd. (02380.HK), SPIC Yuanda Environmental Protection Co., Ltd. (600292.SH) and SPIC Industry-Finance Holdings Co., Ltd. (000958.SZ) are restructuring their assets.
(Edited by Duan jing with Xinhua Silk Road, duanjing@xinhua.org)
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