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The latest announcement is out from China LNG Group ( (HK:0931) ).
China HK Power Smart Energy Group Limited, a company incorporated in the Cayman Islands, announced a supplemental update regarding its loan capitalisation agreement. The agreement involves the issuance of new shares under a specific mandate, setting off a shareholder’s loan amounting to HK$140 million. The capitalisation price is set at HK$0.195 per share, representing a significant premium over the company’s unaudited net asset value per share as of September 2024. This move is part of the company’s strategic financial restructuring efforts.
More about China LNG Group
YTD Price Performance: -40.54%
Average Trading Volume: 2,795,953
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.47B
For a thorough assessment of 0931 stock, go to TipRanks’ Stock Analysis page.