tiprankstipranks
Trending News
More News >

CGN New Energy Announces HK$50 Million Share Repurchase Plan

Story Highlights
CGN New Energy Announces HK$50 Million Share Repurchase Plan

Confident Investing Starts Here:

CGN New Energy Holdings Co., Ltd. ( (HK:1811) ) has provided an update.

CGN New Energy Holdings Co., Ltd. has announced a voluntary share repurchase plan, aiming to buy back up to approximately 21.4 million shares with a budget of HK$50 million. This move reflects the company’s confidence in its long-term growth and market performance, aiming to enhance shareholder value while maintaining a solid financial position.

More about CGN New Energy Holdings Co., Ltd.

CGN New Energy Holdings Co., Ltd. operates in the energy sector, focusing on renewable energy solutions. The company is involved in the generation and sale of electricity from wind, solar, and other renewable sources, primarily serving markets in Asia.

Average Trading Volume: 6,537,542

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$10.25B

See more data about 1811 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1