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Beijing Jingcheng Machinery Electric Co Ltd Class H ( (HK:0187) ) has issued an announcement.
Beijing Jingcheng Machinery Electric Co Ltd announced a deemed disposal related to a capital increase in its subsidiary, Beijing Tianhai Hydrogen Energy Equipment Co., Ltd., by introducing investors through a public tender on the China Beijing Equity Exchange. The valuation of Tianhai Hydrogen, approximately RMB806 million, was conducted by Pan-China Appraisal Co., Ltd. using the asset-based approach, as the income approach was deemed inapplicable due to the subsidiary’s historical losses and underutilized production capacity. This move is expected to impact the company’s operations by potentially enhancing its financial position and market competitiveness in the hydrogen energy sector.
More about Beijing Jingcheng Machinery Electric Co Ltd Class H
Beijing Jingcheng Machinery Electric Co Ltd is a joint stock company based in China, primarily involved in the machinery and electric industry. The company focuses on producing and distributing various machinery and electric products, with a particular emphasis on hydrogen energy equipment through its wholly-owned subsidiary, Beijing Tianhai Hydrogen Energy Equipment Co., Ltd.
Average Trading Volume: 13,836,745
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$6.49B
Learn more about 0187 stock on TipRanks’ Stock Analysis page.