o 238.HK is the code of China Electric Power.
China Power International Development Co., Ltd. is an investment holding company, mainly engaged in selling electricity to prefecture-level and provincial power grid companies. The company is also engaged in providing generation and related services. The company operates through two business departments: the production and sales of thermal power business department and the production and sales of hydropower business department.
where a joint stock limited company is established by means of sponsorship, the registered capital shall be the total share capital subscribed by all promoters registered at the company registration authority. In order to completely open the market economy, the new company law in 214 stipulates that there is no limit on the initial investment and payment period for the establishment of limited companies and joint-stock companies.
where a joint stock limited company is established by offering, the registered capital shall be the total paid-in share capital registered with the company registration authority. (After the implementation of the new company law in 214, both joint-stock companies and limited companies canceled the restrictions on the minimum registered capital.) Where laws and administrative regulations have higher provisions on the minimum registered capital of joint-stock companies, those provisions shall prevail.
the ways to raise funds can generally be divided into two categories: Public Placement and Private Placement. Public offering requires examination, which can be divided into registration system and approval system.
before issuing new securities, the issuer must first apply for registration with the securities authority in accordance with relevant laws and regulations. It requires the issuer to provide all information about the securities issuance itself and related securities issuance, and the information provided must be authentic and reliable. The key lies in whether all investors have all the information released by various securities issuers before investing, and whether they can make correct investment decisions based on this information.
the approval system, also known as the franchise system, means that before issuing new securities, the issuer must not only disclose the real situation, but also meet some substantive conditions in the company law, such as the nature of the business operated by the issuer, the qualifications of managers, the soundness of the capital structure, the solvency of the issuer, etc. The securities authorities have the right to reject applications that do not meet the requirements. -The competent authority has the right to directly intervene in the issuance.