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CGN New Energy Holdings Co., Ltd. ( (HK:1811) ) has shared an update.
CGN New Energy Holdings Co., Ltd. has announced a potential disposal of its subsidiary Nantong Meiya through a public tender process. This move is part of its strategic asset management, with an initial tender price set at approximately RMB475 million. The transaction could have regulatory implications as it might be classified as a discloseable transaction under listing rules, requiring further announcements and compliance procedures. Stakeholders are advised to exercise caution as the disposal may or may not proceed.
More about CGN New Energy Holdings Co., Ltd.
CGN New Energy Holdings Co., Ltd. is a company incorporated in Bermuda with a focus on the energy sector, providing services primarily through its subsidiary Meiya Electric.
YTD Price Performance: -4.60%
Average Trading Volume: 5,242,124
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$9.78B
For a thorough assessment of 1811 stock, go to TipRanks’ Stock Analysis page.
