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The latest announcement is out from China Carbon Neutral Development Group Limited ( (HK:1372) ).
China Carbon Neutral Development Group Limited announced that substantial shareholder Mr. Sha Tao has increased his stake in the company by purchasing 600,000 shares on the open market at an average price of about HK$1.06 per share, raising his holding to roughly 23.86% of the company’s issued share capital. The board views this voluntary share purchase as a signal of the shareholder’s confidence in the group’s long-term prospects and confirmed that the company continues to meet Hong Kong listing rules on maintaining a sufficient public float, while cautioning shareholders and potential investors to exercise care when trading the stock.
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 businesses aligned with carbon neutrality and related environmental development. The group operates through various subsidiaries and targets opportunities arising from the transition toward low‑carbon and sustainable economic growth in China and the broader region.
Average Trading Volume: 3,335,148
Technical Sentiment Signal: Sell
Current Market Cap: HK$749.2M
Learn more about 1372 stock on TipRanks’ Stock Analysis page.