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China Carbon Neutral Development Group Limited ( (HK:1372) ) has provided an announcement.
China Carbon Neutral Development Group Limited has completed the subscription of 107,160,000 new shares under the general mandate, with the completion taking place on April 2, 2025. This move has altered the company’s shareholding structure and the net proceeds of approximately HK$23,575,000 will primarily be used for debt repayment, shifting from previous plans to invest in new energy businesses.
More about China Carbon Neutral Development Group Limited
China Carbon Neutral Development Group Limited operates in the renewable energy sector, focusing on carbon neutrality initiatives. The company is involved in developing businesses related to new energy and renewable energy solutions.
YTD Price Performance: 3.33%
Average Trading Volume: 6,008,900
Technical Sentiment Signal: Buy
Current Market Cap: HK$180.3M
For a thorough assessment of 1372 stock, go to TipRanks’ Stock Analysis page.