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An announcement from China Carbon Neutral Development Group Limited ( (HK:1372) ) is now available.
China Carbon Neutral Development Group Limited has announced that substantial shareholder Mr. Sha Tao purchased 27,299,000 shares on the open market at an average price of about HK$1.50 per share, increasing his stake to 156,554,000 shares, or roughly 24.35% of the company’s issued share capital. The board views this voluntary share accumulation as a sign of Mr. Sha’s confidence in the group’s long-term prospects and confirmed that, despite the increased concentration of ownership, the company continues to meet the Hong Kong Stock Exchange’s public float requirements, with shareholders and potential investors urged to exercise caution when trading the stock.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
More about China Carbon Neutral Development Group Limited
China Carbon Neutral Development Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands and focused on carbon neutrality-related businesses, operating through a group structure with multiple executive, non-executive and independent non-executive directors overseeing its corporate governance and strategic development.
Average Trading Volume: 6,340,633
Technical Sentiment Signal: Buy
Current Market Cap: HK$964.4M
For detailed information about 1372 stock, go to TipRanks’ Stock Analysis page.