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An update from China Risun Group Ltd. ( (HK:1907) ) is now available.
China Risun Group Limited has announced a framework agreement with Beijing SinoHytec for the potential disposal of its entire equity interest in Dingzhou Risun Hydrogen Energy Co., Ltd. In exchange, Risun Group will receive A Shares from Beijing SinoHytec and intends to subscribe for additional shares to provide supplementary funds, with the total capital increase not exceeding RMB550 million. This strategic move could position Risun Group as the controlling shareholder of Beijing SinoHytec, potentially enhancing its influence in the hydrogen energy sector.
More about China Risun Group Ltd.
China Risun Group Limited is a company incorporated in the Cayman Islands, primarily engaged in the production and sales of high purity hydrogen and synthetic ammonia, operation of integrated energy stations, and research and development of green hydrogen preparation and liquid hydrogen storage and transportation.
YTD Price Performance: -9.41%
Average Trading Volume: 2,173
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.49B
For an in-depth examination of 1907 stock, go to TipRanks’ Stock Analysis page.