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The latest announcement is out from CGN New Energy Holdings Co., Ltd. ( (HK:1811) ).
CGN New Energy Holdings Co., Ltd. announced that its subsidiary, CGN Shenzhen, has entered into a Power Sale Services Framework Agreement with CGN Wind Energy, another subsidiary of its controlling shareholder. This agreement, effective from January 2026 to December 2028, involves the provision of various power sale services, including electricity and green certificate sales. The transactions are classified as continuing connected transactions under the Listing Rules, requiring reporting and annual review but exempt from circular and independent shareholders’ approval due to the applicable percentage ratios.
The most recent analyst rating on (HK:1811) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on CGN New Energy Holdings Co., Ltd. stock, see the HK:1811 Stock Forecast page.
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 through various subsidiaries. The company is involved in the provision of power sale services, including electricity sale, green certificate sale, and international emission reduction services.
Average Trading Volume: 13,617,452
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.28B
For detailed information about 1811 stock, go to TipRanks’ Stock Analysis page.