China Suntien Green Energy Corporation Limited Class H (HK:0956) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
China Suntien Green Energy Corporation Limited’s subsidiary, HECIC New Energy, is set to transfer a 20% equity stake in Shangyi Suntien to Huihai for RMB127.6 million. This strategic move will result in HECIC holding an 80% stake, maintaining Shangyi Suntien as a subsidiary. The transaction, classified as a connected transaction, highlights the company’s active management of its investment portfolio.
For further insights into HK:0956 stock, check out TipRanks’ Stock Analysis page.