Beijing Energy International to Acquire 70% Stake in Jiangsu Fishery–Solar Power Project for RMB248 Million

Beijing Energy International Holding ( (HK:0686) ) just unveiled an announcement.

Beijing Energy International Holding, through a wholly owned subsidiary, has agreed to acquire a 70% equity stake in a Jiangsu-based company that owns a fishery–photovoltaic complementary power generation project in China, for a consideration of approximately RMB248 million, expanding its footprint in integrated renewable energy assets. The transaction, classified as a discloseable transaction under Hong Kong listing rules, underscores the group’s push into innovative solar-fishery hybrid infrastructure, although completion remains subject to conditions precedent, meaning the deal may not proceed and investors are urged to exercise caution when dealing in the company’s securities.

The most recent analyst rating on (HK:0686) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Beijing Energy International Holding stock, see the HK:0686 Stock Forecast page.

More about Beijing Energy International Holding

Beijing Energy International Holding is a Hong Kong-listed energy company focused on developing, investing in and operating power generation assets, with a strategic emphasis on renewable energy projects in mainland China, including large-scale solar and other clean energy facilities.

Average Trading Volume: 723,441

Technical Sentiment Signal: Hold

Current Market Cap: HK$2.73B

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