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China Carbon Neutral Development Group Limited ( (HK:1372) ) has provided an announcement.
China Carbon Neutral Development Group Limited has outlined measures to address going-concern issues flagged in its latest annual report, primarily by reshaping its debt profile and bolstering cash flow. The company has converted about HK$57.66 million of payables into convertible bonds, aiming to reduce its overall debt burden and enhance capital flexibility.
To further strengthen working capital, the group completed a subscription of 32,000,000 new shares at HK$1.50 each in January 2026, raising net proceeds of approximately HK$48 million. The funds are earmarked mainly for salaries and general operating expenses, with a smaller portion allocated to debt repayment, and management expects full utilisation of the remaining proceeds by June 2026 while continuing talks with potential strategic investors.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.00 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 focused on carbon-neutral and related environmental development businesses. The group is seeking to optimize its capital structure and strengthen liquidity through instruments such as convertible bonds and new share issuances, aiming to support ongoing operations and improve its financial resilience in a competitive market.
Average Trading Volume: 2,196,934
Technical Sentiment Signal: Sell
Current Market Cap: HK$816.7M
Learn more about 1372 stock on TipRanks’ Stock Analysis page.