Huaneng Finance definition

Huaneng Finance. China Huaneng Finance Corporation Limited “Huaneng Group” China Huaneng Group Co., Ltd. “Huaneng Group Framework Agreement” the framework agreement on the continuing connected transactions for 2022 between Huaneng Power International, Inc. and China Huaneng Group Co., Ltd. entered into between the Company and Huaneng Group on 3 November 2021
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Huaneng Finance. China Huaneng Finance Corporation Limited “Huaneng Group” China Huaneng Group Co., Ltd.
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Huaneng Finance. China Huaneng Finance Corporation Limited “Huaneng Group” China Huaneng Group Co., Ltd. “Huaneng Group Framework Agreement” the framework agreement on the continuing connected transactions for 2021 between Huaneng Power International, Inc. and China Huaneng Group Co., Ltd. entered into between the Company and Huaneng Group on 5 November 2020 “Independent Board Committee” a committee of the Board established for the purpose of considering the transactions regarding the purchase of fuel and transportation services (including the proposed cap) contemplated under the Huaneng Group Framework Agreement, comprising independent non-executive Directors who are independent of these transactions “Independent Financial Adviser”, “Gram Capital” Gram Capital Limited, a licensed corporation to carry on Type 6 (advising on corporate finance) regulated activity as defined under the Securities and Futures Ordinance (Cap.571 of the laws of Hong Kong), an independent financial adviser to be appointed to advise the Independent Board Committee and the Independent Shareholders on the transactions regarding the purchase of fuel and transportation services (including the proposed cap) contemplated under the Huaneng Group Framework Agreement “Independent Shareholders” shareholders of the Company other than Huaneng Group and its
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Examples of Huaneng Finance in a sentence

  • Segment assets exclude prepaid income tax, deferred income tax assets, other equity instrument investments, investment in Huaneng Finance and assets related to the centrally managed and resource allocation functions of the headquarters that are not attributable to any operating segment (“corporate assets”).

  • China Hua Neng Group Hong Kong Limited “Huaneng Finance” China Huaneng Finance Corporation Limited “Huaneng Group” China Huaneng Group Co., Ltd.

  • As the implementation agreements are to provide for the deposit services as contemplated by the Huaneng Finance Framework Agreement, they will not constitute new categories of connected transactions.

  • The Company will adopt a series of risk management arrangements, and endeavour to maintain, in relation to the deposit transactions, the independence of the Company; the fairness of the amount of deposits; the fairness of the terms of the transactions; and the right of choice of the Company to place deposits with independent third parties other than Huaneng Finance.

  • The Company holds 20% equity interest in Huaneng Finance, which in turn holds 0.39% equity interest in the Company.

  • Senior management assesses the performance of the operating segments based on a measure of profit before income tax expense under China Accounting Standards for Business Enterprises (“PRC GAAP”) excluding dividend income received from other equity instrument investments, share of profits of China Huaneng Finance Co., Ltd (“Huaneng Finance”) and operating results of the centrally managed and resource allocation functions of headquarters (“segment results”).

  • Huaneng Group also holds a 9.91% direct interest in the Company and holds a 3.01% indirect interest in the Company through its wholly-owned subsidiary Huaneng HK, a 0.84% indirect interest in the Company through Huaneng Treasury, its indirect wholly-owned subsidiary, and a 0.19% indirect interest in the Company through its controlling subsidiary Huaneng Finance.

  • Being familiar with the business and operation of the Company, Huaneng Finance is able to provide more cost-efficient, convenient, comprehensive and personalised financial services to the Company than the deposit services provided by other commercial banks.

  • Therefore, the Company believes that it is beneficial to improving the operating efficiency of funds for the Company and its subsidiaries if the note discounting and loan services are provided by Huaneng Finance.

  • In addition, the Company will also utilise the note discounting services provided by Huaneng Finance at a service fee lower than the service fees payable to independent third parties for provision of similar services in the PRC.


More Definitions of Huaneng Finance

Huaneng Finance. China Huaneng Finance Corporation Limited; “Huaneng Group” China Huaneng Group Co., Ltd.; “Huaneng Nuclear” Huaneng Nuclear Power Development Company Ltd.;
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Related to Huaneng Finance

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