According to the Zhitong Finance App, China Electric Power (02380.HK) announced that the company plans to sell all 24.8726% of its shares in Qiyuanxin Power (an associated company of the company). Since the company is a state-owned enterprise, according to Chinese laws and regulations governing the transfer of state-owned property rights, the underlying shares to be transferred must be publicly listed through the Shanghai Property Exchange (an approved equity exchange). The reserve listing price is RMB 2,556 billion.

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