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CGN New Energy Clarifies Related Party Transactions and Share Option Status

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CGN New Energy Clarifies Related Party Transactions and Share Option Status

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

CGN New Energy Holdings Co., Ltd. has issued an additional announcement regarding related party transactions and share options. The company clarified that certain related party transactions, including management service income and interest expenses, are considered fully exempted connected transactions under the Listing Rules, and therefore do not require disclosure as connected transactions. Additionally, the company stated that all options under the Share Option Scheme had lapsed, with no shares available for issue, but if all potential options were granted, they would represent 10% of the total shares.

More about CGN New Energy Holdings Co., Ltd.

CGN New Energy Holdings Co., Ltd. operates in the renewable energy sector, focusing on the generation and sale of electricity from clean energy sources. The company is involved in the management and operation of wind, solar, and other renewable energy projects, primarily targeting the Asian market.

Average Trading Volume: 6,537,542

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$10.25B

For detailed information about 1811 stock, go to TipRanks’ Stock Analysis page.

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