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China Resources Power

China Resources Power Holdings was incorporated and registered in Hong Kong in 2001. It is a subsidiary of China Resources Holdings, a conglomerate in China and Hong Kong. Its business is focuses on developing, operating and managing coal-burning power plants in China, including Beijing, Hebei, Henan, Liaoning, Shandong, Jiangsu, Anhui, Zhejiang, Hubei, Hunan, Guangdong and Yunnan. 

WHAT THE BROKER SAYS

Macquarie has maintained its 'outperform' rating on China Resources Power after it announced an agreement to sell its 10 per cent stake in Huaneng International Power Development for $2.4 billion, and has increased the target price on the stock to $6.20.

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