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China Singyes Solar Technologies Holdings ( (HK:0750) ) has provided an announcement.
China Shuifa Singyes Energy Holdings Limited announced a major transaction involving the disposal of a 48% equity interest in its subsidiary, Shuifa Clean Energy, which will result in a net increase in cash of RMB188.96 million. The proceeds from this transaction will be allocated towards the development of renewable energy projects, repayment of existing debts, and general working capital, aligning with the company’s strategic focus on expanding its clean energy business.
More about China Singyes Solar Technologies Holdings
China Shuifa Singyes Energy Holdings Limited operates in the renewable energy industry, focusing primarily on the development and management of solar energy projects. The company is involved in constructing and developing photovoltaic projects, which are part of its broader commitment to clean energy solutions.
YTD Price Performance: 93.33%
Average Trading Volume: 3,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $100.3M
For a thorough assessment of 0750 stock, go to TipRanks’ Stock Analysis page.
