Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Datang Corp. Renewable Power Co. Ltd. Class H ( (HK:1798) ) has shared an announcement.
China Datang Corp. Renewable Power Co. Ltd. announced a capital increase agreement involving a RMB156.5459 million investment in Datang Zhongning to support the Zhongning Energy Storage Project. This transaction will reduce the company’s shareholding in Datang Zhongning from 100% to 78.11%, but it will remain a subsidiary, ensuring continued consolidation of financial results. The capital increase is classified as a connected transaction under the Listing Rules, subject to reporting requirements but exempt from independent shareholders’ approval.
The most recent analyst rating on (HK:1798) stock is a Hold with a HK$2.20 price target. To see the full list of analyst forecasts on China Datang Corp. Renewable Power Co. Ltd. Class H stock, see the HK:1798 Stock Forecast page.
More about China Datang Corp. Renewable Power Co. Ltd. Class H
China Datang Corp. Renewable Power Co. Ltd. Class H is a company operating in the renewable energy sector, focusing on the development and management of renewable power projects. Its primary services include the generation and supply of renewable energy, with a market focus on sustainable energy solutions.
Average Trading Volume: 10,846,095
Technical Sentiment Signal: Buy
Current Market Cap: HK$18.4B
For detailed information about 1798 stock, go to TipRanks’ Stock Analysis page.