China Shuifa Singyes Sells Subsidiary and Debt in RMB14.67 Million Connected Deal

China Singyes Solar Technologies Holdings ( (HK:0750) ) has issued an announcement.

China Shuifa Singyes Energy Holdings has agreed to sell 100% of the equity in a subsidiary, referred to as the Disposal Company, together with related debt of RMB14 million owed to its unit Zhuhai Singyes, to Shandong Beizi Resources and Recycle Technology Group for a total consideration of RMB14.67 million. Because Shandong Beizi is ultimately controlled by controlling shareholder Shuifa Group, the deal is classified as a connected transaction under Hong Kong listing rules, though it only triggers reporting and announcement requirements and is exempt from circular and independent shareholders’ approval; the price was set via public tender on SPREC and is aligned with an independent valuation of the equity and the face value of the transferred debt, suggesting a modest balance-sheet tidy-up rather than a transformational disposal.

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, incorporated in Bermuda and listed in Hong Kong, operates in the energy and green construction sectors through subsidiaries such as Zhuhai Singyes Green Construction Technology. The group focuses on energy-related and environmentally oriented businesses in mainland China under the control of state-linked shareholder Shuifa Group, which holds a majority stake in the company.

YTD Price Performance: -22.86%

Average Trading Volume: 565,832

Technical Sentiment Signal: Sell

Current Market Cap: HK$612.6M

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