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China Ruifeng Renewable Energy Holdings Ltd. ( (HK:0527) ) has provided an update.
China Ruifeng Renewable Energy Holdings Ltd. has announced a major transaction involving the acquisition of a 50% equity interest in a target company for RMB6.75 million. This acquisition, which is subject to shareholders’ approval, will not result in the target group becoming subsidiaries of China Ruifeng. Additionally, the company has extended the long stop dates for various share and subscription agreements to December 31, 2025, reflecting ongoing strategic adjustments. These developments indicate a significant move in the company’s strategic positioning within the renewable energy sector, potentially impacting its market operations and stakeholder relations.
More about China Ruifeng Renewable Energy Holdings Ltd.
China Ruifeng Renewable Energy Holdings Ltd. is a company incorporated in the Cayman Islands, focusing on the renewable energy sector. It is involved in acquiring and managing equity interests in energy-related projects, with a market focus that includes significant transactions and agreements within the energy industry.
Average Trading Volume: 721,712
Technical Sentiment Signal: Sell
Current Market Cap: HK$823.1M
Find detailed analytics on 0527 stock on TipRanks’ Stock Analysis page.