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The latest update is out from Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ).
Beijing SinoHytec Co., Ltd. has announced the termination of its proposed acquisition of 100% equity interest in a target company through the issuance of A Shares, which was expected to be a major asset restructuring. The decision was made at the company’s board meeting on September 5, 2025, after fulfilling all necessary internal and regulatory procedures. The termination of these transactions may impact the company’s strategic positioning in the market, as it was initially expected to be a significant move under the Listing Rules.
More about Beijing SinoHytec Co., Ltd. Class H
Beijing SinoHytec Co., Ltd. is a joint stock company incorporated in China, focusing on the hydrogen fuel cell industry. It is involved in the development and production of hydrogen fuel cell systems and related products, aiming to advance clean energy solutions.
Average Trading Volume: 317,979
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$5.85B
For detailed information about 2402 stock, go to TipRanks’ Stock Analysis page.