CTGR(SH:600905) Sou Hu Cai Jing·2025-08-10 06:04Core Viewpoint - China Three Gorges New Energy (Group) Co., Ltd. is actively engaging in strategic initiatives, including the issuance of public REITs based on its Dalian Zhuanghe III offshore wind power project, which aims to optimize its capital structure and enhance asset liquidity [4][8]. Group 1: Stock Performance - As of August 8, 2025, China Three Gorges New Energy's stock closed at 4.32 CNY, reflecting a 0.23% increase from the previous week [1]. - The stock reached a weekly high of 4.33 CNY and a low of 4.29 CNY during the same period [1]. - The company's current total market capitalization is 123.49 billion CNY, ranking 7th in the power sector and 118th among all A-shares [1]. Group 2: Board Resolutions - The company's board of directors held a meeting on August 6, 2025, where several resolutions were passed, including the approval of the issuance of public REITs based on the Dalian Zhuanghe III offshore wind power project [2][3]. - All resolutions received unanimous support from the board members present, with no votes against or abstentions [2][3]. Group 3: REITs Issuance - The company plans to issue public REITs with the Dalian Zhuanghe III offshore wind power project as the underlying asset, with the company intending to subscribe for 34% of the fund shares [4]. - This issuance is categorized as a related party transaction, as Three Gorges Capital Holdings Co., Ltd. will subscribe for 10% of the fund shares [4]. Group 4: Company Bylaws Revision - The company has revised its articles of association to comply with the latest laws and regulations, including changes to the company name, registered capital, and provisions regarding the controlling shareholder and actual controller [5]. - The revised articles will be submitted for approval at the upcoming shareholders' meeting [5]. Group 5: Upcoming Shareholders' Meeting - The company will hold its second extraordinary general meeting of 2025 on August 22, 2025, to discuss the revised articles of association and amendments to the rules of shareholder and board meetings [6].