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China Singyes Solar Technologies Holdings ( (HK:0750) ) has provided an update.
China Shuifa Singyes Energy Holdings has agreed to dispose of 100% of the equity in a subsidiary (the Disposal Company) and related shareholder debt, with its indirect wholly owned unit Shuifa Green Energy selling the entire stake and RMB13.78 million of debt to Shenzhen Beizi Enterprise Development for a total consideration of RMB14.0 million. The deal, executed via a public tender process on the SPREC platform and priced with reference to an independent valuation using an asset-based approach, qualifies as a discloseable transaction under Hong Kong listing rules, underscoring the group’s ongoing portfolio adjustment and capital recovery efforts while bringing in cash proceeds that may support its broader green energy operations.
The most recent analyst rating on (HK:0750) stock is a Hold with a HK$0.24 price target. To see the full list of analyst forecasts on China Singyes Solar Technologies Holdings stock, see the HK:0750 Stock Forecast page.
More about China Singyes Solar Technologies Holdings
China Shuifa Singyes Energy Holdings Limited is a Bermuda-incorporated company listed in Hong Kong that operates in the renewable and green energy sector through subsidiaries such as Shuifa Green Energy Co., Ltd., focusing on energy-related investments and project operations in mainland China.
YTD Price Performance: -22.86%
Average Trading Volume: 565,832
Technical Sentiment Signal: Sell
Current Market Cap: HK$612.6M
See more data about 0750 stock on TipRanks’ Stock Analysis page.