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China Everbright ( (HK:0257) ) just unveiled an announcement.
China Everbright Environment Group Limited has announced a proposal to issue and list RMB shares on the Shenzhen Stock Exchange. This move is contingent on market conditions, shareholder approval, and regulatory permissions, and aims to issue up to 800 million shares, representing 11.52% of the company’s enlarged share capital, potentially impacting its market presence and shareholder value.
The most recent analyst rating on (HK:0257) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on China Everbright stock, see the HK:0257 Stock Forecast page.
More about China Everbright
China Everbright Environment Group Limited operates in the environmental protection industry, focusing on providing integrated environmental solutions. The company is involved in waste-to-energy, waste treatment, and other environmental management services, primarily targeting the Chinese market.
Average Trading Volume: 21,576,715
Technical Sentiment Signal: Buy
Current Market Cap: HK$31.14B
See more insights into 0257 stock on TipRanks’ Stock Analysis page.