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China HK Power Smart Energy Group Announces Loan Capitalisation Agreement

Story Highlights
  • China HK Power Smart Energy Group is issuing new shares under a specific mandate.
  • The Loan Capitalisation Agreement with Dr. Kan requires Independent Shareholders’ approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China HK Power Smart Energy Group Announces Loan Capitalisation Agreement

Confident Investing Starts Here:

China LNG Group ( (HK:0931) ) has shared an update.

China HK Power Smart Energy Group Limited, a company incorporated in the Cayman Islands, is involved in a connected transaction involving the issuance of new shares under a specific mandate. The company has entered into a Loan Capitalisation Agreement with Dr. Kan, the chairman and an executive director, to issue 717,948,718 Capitalisation Shares at HK$0.195 each, totaling HK$140,000,000. This transaction will increase Dr. Kan’s shareholding and is subject to approval by the Independent Shareholders at an Extraordinary General Meeting (EGM). An Independent Board Committee and Optima Capital Limited have been appointed to advise on the fairness of the transaction.

More about China LNG Group

YTD Price Performance: -41.89%

Average Trading Volume: 1,997,911

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.34B

Find detailed analytics on 0931 stock on TipRanks’ Stock Analysis page.

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