Capital Environment Lends RMB61.7 Million to Xiongan Wastewater Venture

An update from Capital Environment Holdings Limited ( (HK:3989) ) is now available.

Capital Environment Holdings Limited has arranged for its wholly owned subsidiary Capital Investment to extend a RMB61.74 million unsecured one-year loan at 4.55% interest to Xiongan Pioneer, a wastewater treatment and recycling business in which it holds a 49% stake, while controlling shareholder Capital Eco Group is separately lending RMB64.26 million in proportion to its 51% interest. The transaction, financed from the group’s general working capital, is classified as a discloseable transaction under Hong Kong listing rules and is intended to bolster Xiongan Pioneer’s balance sheet by refinancing interest-bearing liabilities and providing working capital for ongoing development, thereby reinforcing the group’s position in the environmental services sector and supporting the growth of a key associate without triggering connected transaction approval requirements.

The most recent analyst rating on (HK:3989) stock is a Hold with a HK$0.07 price target. To see the full list of analyst forecasts on Capital Environment Holdings Limited stock, see the HK:3989 Stock Forecast page.

More about Capital Environment Holdings Limited

Capital Environment Holdings Limited is an environmental services company engaged in waste management and related ecological infrastructure projects, including wastewater treatment and recycling. Through subsidiaries such as Capital Investment, the group focuses on investing in and supporting environmental protection ventures in mainland China, with an emphasis on strengthening the financial and operational capacity of its project companies.

Average Trading Volume: 10,729,661

Technical Sentiment Signal: Sell

Current Market Cap: HK$972M

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