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China Longyuan Power Group ( (HK:0916) ) has shared an announcement.
China Longyuan Power Group has received approval from the State-owned Assets Supervision and Administration Commission of the State Council for its plan to issue A shares to specific targets. This approval is a crucial step in the company’s strategy to raise capital through a non-public issuance, pending further approvals from shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. The move is expected to enhance the company’s financial position and support its growth in the renewable energy sector.
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 Corporation Limited is a company operating in the renewable energy sector, primarily focusing on wind power generation. It is a significant player in the industry, contributing to the development and expansion of clean energy solutions in China.
YTD Price Performance: 12.75%
Average Trading Volume: 25,020,938
Technical Sentiment Signal: Hold
Current Market Cap: HK$110.1B
For detailed information about 0916 stock, go to TipRanks’ Stock Analysis page.