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An announcement from China Suntien Green Energy Corporation Limited Class H ( (HK:0956) ) is now available.
China Suntien Green Energy Corporation Limited has entered into a loan agreement with Caofeidian Company, leveraging funds from its recent issuance of Medium-term Notes amounting to RMB3 billion. This transaction, valued at up to RMB2.5 billion, is categorized as a connected transaction under Hong Kong’s Listing Rules due to the shared ownership structure between the companies, necessitating independent shareholders’ approval. The deal underscores the company’s strategic financial maneuvers to support its subsidiaries and align with its growth objectives in the green energy sector.
More about China Suntien Green Energy Corporation Limited Class H
China Suntien Green Energy Corporation Limited is a company based in China, focusing on the green energy sector. The company primarily deals with the production and distribution of sustainable energy solutions, with a particular emphasis on wind power and natural gas services.
YTD Price Performance: 4.35%
Average Trading Volume: 11,939,224
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: HK$33.14B
See more insights into 0956 stock on TipRanks’ Stock Analysis page.