GD Power Development Plans Renewal of Financial Services Deal With Related Party
MT Newswires Live
Apr 15
GD Power Development (SHA:600795) plans to renew a three-year financial services deal with CHN Energy Finance, a subsidiary of controlling shareholder CHN Energy Group.
The deal sets daily limits of 100 billion yuan for direct loans and bill services, 40 billion yuan for deposits and 20 billion yuan for entrusted loans, according to a Wednesday filing with the Shanghai bourse.
Total annual service fees are capped at 50 million yuan.
Shares of the power generation and project development company rose 1% in recent trade.
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