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China Ruifeng Renewable Energy Holdings Ltd. ( (HK:0527) ) has shared an update.
China Ruifeng Renewable Energy Holdings Ltd. has announced an update on its ongoing transactions, including proposed share and convertible bond subscriptions, a potential acquisition of a 50% equity interest in a target company, and the application for a whitewash waiver. The company has extended the deadlines for these deals and is awaiting necessary consents and approvals from relevant authorities. The completion of these transactions is contingent on the audited financial statements of the target company, expected by February 2025. As a result, the dispatch of a circular detailing these transactions has been postponed to on or before March 31, 2025.
More about China Ruifeng Renewable Energy Holdings Ltd.
China Ruifeng Renewable Energy Holdings Ltd. is engaged in the renewable energy industry, focusing primarily on the development and operation of renewable energy projects. The company and its subsidiaries aim to expand their market presence through strategic investments and partnerships in the renewable energy sector.
YTD Price Performance: -7.69%
Average Trading Volume: 1,283,985
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$1.03B
For a thorough assessment of 0527 stock, go to TipRanks’ Stock Analysis page.