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Beijing Energy International Holding ( (HK:0686) ) has provided an update.
Beijing Energy International Holding, through a wholly owned subsidiary, has agreed to acquire a 70% equity stake in a target company that owns a fishery–photovoltaic complementary power generation project in Jiangsu province, China, for approximately RMB371 million, inclusive of tax. The deal, classified as a discloseable transaction under Hong Kong listing rules as its size ratio exceeds 5% but is below 25%, underscores the group’s ongoing expansion in integrated renewable projects that combine solar power with aquaculture, potentially enhancing its project portfolio and revenue base. Completion of the transaction remains conditional on the satisfaction or waiver of specified precedent conditions, and investors are cautioned that the acquisition may or may not proceed.
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 clean energy company focused on the investment, development and operation of photovoltaic and other renewable power generation projects, primarily serving China’s fast‑growing green energy market.
YTD Price Performance: 25.14%
Average Trading Volume: 452,937
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.53B
For a thorough assessment of 0686 stock, go to TipRanks’ Stock Analysis page.