China HK Power Smart Energy Group Issues Shares to Settle HK$140 Million Shareholder Loan

Reuters

Nov 12

China HK Power Smart Energy Group Issues Shares to Settle HK$140 Million Shareholder Loan

China HK Power Smart Energy Group Ltd. announced an update regarding its shareholder loans. The company settled part of a shareholder loan by issuing 717,948,718 new shares to Dr. Kan Che Kin, Billy Albert at a price of HK$0.195 per share, clearing HK$140 million of debt and increasing the company's net assets by the same amount. Additionally, from April 1, 2025, Dr. Kan has provided new shareholder loans totaling approximately HK$113.55 million at an annual interest rate of 5% to support the company's business expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China HK Power Smart Energy Group Ltd. published the original content used to generate this news brief on November 12, 2025, and is solely responsible for the information contained therein.

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Additionally, from April 1, 2025, Dr. Kan has provided new shareholder loans totaling approximately HK$113.55 million at an annual interest rate of 5% to support the company's business expansion.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China HK Power Smart Energy Group Ltd. published the original content used to generate this news brief on November 12, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}