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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 Shengsi, has entered into an Equipment Purchase Contract with Shanghai Electric Wind Power for the acquisition of wind turbine generators and related equipment, valued at RMB651,420,000. This transaction, classified as a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, highlights the company’s ongoing investment in expanding its wind energy capabilities, which could enhance its market position in the renewable energy sector.
More about CGN New Energy Holdings Co., Ltd.
CGN New Energy Holdings Co., Ltd. is a company incorporated in Bermuda, operating in the renewable energy sector. It focuses on the development and management of clean energy projects, including wind power, which is a significant part of its portfolio.
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.