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The latest update is out from China Everbright Greentech Ltd. ( (HK:1257) ).
China Everbright Greentech Ltd., along with several affiliated entities, has entered into a Joint Venture Agreement to establish a new joint venture with a collective registered capital of RMB50 million. The company will contribute RMB5 million, accounting for 10% of the venture’s capital. This strategic move is classified as a connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempting it from independent shareholders’ approval.
More about China Everbright Greentech Ltd.
China Everbright Greentech Ltd. is a company incorporated in the Cayman Islands, focusing on environmental protection and alternative energy sectors. It is involved in various green technology projects and has significant market interests in environmental management solutions.
YTD Price Performance: -24.49%
Average Trading Volume: 830,471
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.53B
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