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Add New Energy Investment Holdings Group Ltd. ( (HK:2623) ) has shared an update.
Add New Energy Investment Holdings Group Ltd. has agreed to subscribe for 36,574,077 new shares in Australia-listed Horizon Minerals Limited at A$1.08 per share. The investment forms part of a larger placement of about 162 million new shares to fund a gold processing hub near Kalgoorlie in Western Australia.
The transaction size makes it a discloseable transaction under Hong Kong listing rules, triggering specific reporting and announcement obligations for the company. Trading in Add New Energy’s shares, which had been suspended pending this announcement, is set to resume on 24 February 2026, clarifying its capital deployment and cross-border resource investment strategy for investors.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
More about Add New Energy Investment Holdings Group Ltd.
Add New Energy Investment Holdings Group Ltd. is a Cayman Islands-incorporated company listed in Hong Kong that focuses on energy-related investments. Through its investment activities, the group seeks strategic positions in resource and new energy assets, leveraging listed markets in Asia-Pacific to expand its portfolio and enhance long-term returns for shareholders.
Average Trading Volume: 647,432
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.53B
See more data about 2623 stock on TipRanks’ Stock Analysis page.