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An announcement from China Ruifeng Renewable Energy Holdings Ltd. ( (HK:0527) ) is now available.
China Ruifeng Renewable Energy Holdings Ltd. has announced a delay in its proposed transactions, including the subscription of new shares, convertible bonds, and the acquisition of a 50% equity interest in a target company. The delays are due to internal approval processes at Hebei Transportation Investment Group, the parent company of Subscriber A Holdco, which have been prolonged by senior management changes. This has also affected the preparation of financial statements for the Target Group, impacting the company’s ability to include these in its Circular. Despite these setbacks, the company is actively working to advance the process by coordinating with Subscriber A Holdco to expedite the submission of necessary applications and documents.
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. The company is involved in the development and management of renewable energy projects, primarily in wind power, and operates within the Asian market.
Average Trading Volume: 1,412,346
Technical Sentiment Signal: Sell
Current Market Cap: HK$643M
Learn more about 0527 stock on TipRanks’ Stock Analysis page.