Power Assets Shares float
What is the Shares float of Power Assets?
The Shares float of Power Assets Holdings Limited is 1.365B 63.98%
What is the definition of Shares float?
Shares float is the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock.
= annual shares outstanding - closely held shares
Shares float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock held by promoters, company officers, controlling-interest investors, or government. This number is sometimes seen as a better way of calculating market capitalization because it provides a more accurate reflection of what public investors consider the company to be worth. In this context, the float may refer to all the shares outstanding that can be publicly traded
The float is calculated by subtracting the locked-in shares from outstanding shares. Stocks with smaller floats tend to be more volatile than those with larger floats. In general, the large holdings of founding shareholders, corporate cross-holdings, and government holdings in partially privatized companies are excluded when calculating the size of a public float.
Shares float of companies in the Utilities sector on HKSE compared to Power Assets
What does Power Assets do?
Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. The company generates energy from thermal, renewable energy, and waste sources. It also distributes gas; transmits oil; holds property and deposits; and provides consulting, investing, trust administration, and management services. The company has a generation capacity of 1,004 MW renewable energy/energy from waste, 4,754 MW gas fired, and 4,216 MW coal/oil fired; and operates 114,000 km of gas/oil pipeline, as well as 400,700 km of power network serving 19,192,000 customers. The company was formerly known as Hongkong Electric Holdings Limited and changed its name to Power Assets Holdings Limited in February 2011. Power Assets Holdings Limited was founded in 1889 and is based in Central, Hong Kong.
Companies with shares float similar to Power Assets
- Yuxing InfoTech Investment has Shares float of 1.356B 54.53%
- Ashok Leyland has Shares float of 1.357B 46.22%
- Punjab National Bank has Shares float of 1.359B 14.45%
- Hindalco Industries has Shares float of 1.361B 60.99%
- MRG Metals Ltd has Shares float of 1.362B 88.39%
- Ban Loong has Shares float of 1.364B 21.15%
- Power Assets has Shares float of 1.365B 63.98%
- Mayne Pharma has Shares float of 1.366B 77.37%
- Kore Potash plc has Shares float of 1.366B 40.46%
- Kore Potash plc has Shares float of 1.366B 40.46%
- Recruit Co has Shares float of 1.366B 83.62%
- Huishang Bank has Shares float of 1.367B 39.30%
- New World Development has Shares float of 1.368B 54.35%