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The latest update is out from China Longyuan Power Group ( (HK:0916) ).
China Longyuan Power Group has announced the establishment of three new subsidiaries, Rudong Longyuan, Yancheng Dafeng Longyuan, and Sheyang Longyuan, in collaboration with its subsidiary Hero Asia and Jiangsu Electric under China Energy. The transaction, valued at RMB153 million, will see these entities become subsidiaries of China Longyuan, enhancing its operational footprint in the renewable energy sector. This move is classified as a connected transaction under the Hong Kong Stock Exchange’s Listing Rules, requiring reporting and announcement but exempt from independent shareholder approval.
The most recent analyst rating on (HK:0916) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on China Longyuan Power Group stock, see the HK:0916 Stock Forecast page.
More about China Longyuan Power Group
China Longyuan Power Group is a leading company in the renewable energy sector, primarily focusing on wind power generation. It operates under the umbrella of China Energy, which holds a significant controlling stake in the company.
Average Trading Volume: 32,004,199
Technical Sentiment Signal: Buy
Current Market Cap: HK$121B
Learn more about 0916 stock on TipRanks’ Stock Analysis page.