• Thu
  • Sep 18, 2014
  • Updated: 7:01am

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. 

China Resources investors await answers after overpaying accusation

Nearly a week after a whistle-blower publicly accused the management of China Resources Power of negligence in a major acquisition of coal assets, investors are nowhere nearer to learning the reality of what may have gone astray.

Wednesday, 24 July, 2013, 3:58am

China Resources Power shares surge on failed deal

Shareholders of China Resources Power saw HK$4 billion added to the value of their holdings yesterday as the company's stock jumped 5 per cent after a merger deal with China Resources Gas lapsed.

23 Jul 2013 - 6:03am

CRP shareholders set to reject CRG merger

"The merger has always been unlikely to win shareholders' support; the events in the past week made it even less likely to succeed," said Michael Parker, a senior analyst at American brokerage Sanford C. Bernstein. "There is real uncertainty what CRP's strategy is."

22 Jul 2013 - 5:33am

Beijing launches audit of China Resources

Beijing has launched an audit of China Resources (Holdings) after top managers of the conglomerate's electricity unit were accused of causing a major loss of state assets by overvaluing some mining assets it acquired.

20 Jul 2013 - 5:33am

Are state-owned companies now too big to touch?

There couldn't be a better tombstone to mark the 20th anniversary of the listing of mainland state-owned enterprises (SOEs) in Hong Kong than the handling of the graft allegations against Song Lin, chairman of China Resources.

20 Jul 2013 - 5:59am

China Resources mining deal probed by anti-graft watchdog

The Communist Party's anti-graft watchdog said yesterday it was processing a whistle-blower's complaint about alleged negligence in an acquisition by China Resources Power Holdings (CRP), as the company hit back.

4 Aug 2013 - 3:58pm

China Resources needs to win over merger sceptics

Independent shareholders of China Resources Power (CRP) and sister firm China Resources Gas (CRG) are unlikely to vote in favour of their proposed merger unless the firms can provide more details about proposed post-merger investment into riskier new projects and quantify cost savings, analysts said.

10 Jun 2013 - 5:23am

CR Power, CR Gas hold talks on merger

China Resources Power (CRP) and China Resources Gas (CRG), which have a combined market value of HK$170 billion, are in talks on a possible merger to form an energy major under state-owned China Resources (Holdings).

7 May 2013 - 6:03am

Falling fuel cost lifts hopes for China Resources Power

China Resources Power expects this year's fuel cost per unit of output to fall at least 5 per cent while electricity price will be stable, which will bode well for its profitability.

19 Mar 2013 - 5:39am

Lower coal prices to fuel higher profits for China Resources Power

China Resources Power Holdings, the most profitable Hong Kong-listed mainland power producer, saw its share price rise 4.9 per cent after it posted a 20.8 per cent rise in first-half profit and tipped better second-half profitability on lower coal costs.

21 Aug 2012 - 3:56am