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China Ruifeng Renewable Energy Holdings Ltd. ( (HK:0527) ) just unveiled an announcement.
China Ruifeng Renewable Energy Holdings Limited has terminated its proposed subscription of new shares and convertible bonds under a specific mandate, as well as its planned acquisition of a 50% equity interest in a target company, after key conditions precedent and effectiveness conditions were not satisfied by the respective long stop date of 31 December 2025. As a consequence, the related agreements have lapsed in accordance with their terms, the associated application for a whitewash waiver is no longer required, and the board maintains that these terminations will not have any material adverse impact on the group’s current operations or financial position, limiting immediate changes to its capital structure and acquisition-led growth plans.
The most recent analyst rating on (HK:0527) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Ruifeng Renewable Energy Holdings Ltd. stock, see the HK:0527 Stock Forecast page.
More about China Ruifeng Renewable Energy Holdings Ltd.
China Ruifeng Renewable Energy Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the renewable energy sector through its subsidiaries, focusing on wind and other clean energy projects in Mainland China.
Average Trading Volume: 5,734,061
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.03B
For detailed information about 0527 stock, go to TipRanks’ Stock Analysis page.