China Ruifeng Renewable Energy Holdings Ltd. (HK:0527) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China Ruifeng Renewable Energy Holdings Ltd. is in the process of finalizing a series of proposed transactions, including new share subscriptions, convertible bond subscriptions, and a possible acquisition of a 50% equity interest in a target company. Despite none of the conditions precedent being fulfilled yet, the company remains in negotiations and is working towards obtaining necessary approvals and consents, with further updates to be announced as they progress. This includes extending the circular’s dispatch deadline as they aim to execute the Formal Equity Transfer Agreement.
For further insights into HK:0527 stock, check out TipRanks’ Stock Analysis page.