Beijing Jingneng Clean Energy Announces Asset Disposal for ABCP Issuance

Beijing Jingneng Clean Energy Co., Ltd. Class H ( (HK:0579) ) has issued an update.

Beijing Jingneng Clean Energy Co., Ltd. has announced a discloseable transaction involving the disposal of underlying assets for the issuance of Asset-Backed Commercial Paper (ABCP). The company has entered into a Trust Agreement with CR Trust to manage and dispose of these assets, issuing ABCP in two classes with a total face value of approximately RMB981.7 million. This move is part of a strategic financial maneuver to optimize asset management and enhance liquidity, potentially impacting the company’s financial operations and market positioning.

More about Beijing Jingneng Clean Energy Co., Ltd. Class H

Beijing Jingneng Clean Energy Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on clean energy solutions. The company operates within the energy sector, primarily involved in the production and management of clean energy assets.

YTD Price Performance: 1.74%

Average Trading Volume: 4,749

Technical Sentiment Signal: Strong Sell

Current Market Cap: €2.03B

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