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Beijing SinoHytec Suspends A Shares Trading Amid Acquisition Uncertainties

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Beijing SinoHytec Suspends A Shares Trading Amid Acquisition Uncertainties

An announcement from Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) is now available.

Beijing SinoHytec Co., Ltd. has announced a continued suspension of trading of its A shares due to ongoing uncertainties related to the acquisition of Dingzhou Risun’s equity and the issuance of A shares to raise ancillary funds. The suspension is intended to ensure fair disclosure and protect investor interests, with trading of H shares on the Stock Exchange continuing unaffected. The company plans to make further announcements and apply for resumption of trading when appropriate, advising shareholders and potential investors to exercise caution.

More about Beijing SinoHytec Co., Ltd. Class H

Beijing SinoHytec Co., Ltd. operates in the energy sector, focusing on hydrogen fuel cell technology and solutions. The company is engaged in the development and production of hydrogen fuel cells and related technologies, aiming to advance clean energy solutions in the market.

YTD Price Performance: 32.36%

Average Trading Volume: 364,040

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$6.06B

For detailed information about 2402 stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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