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China Suntien Green Energy Corporation Limited Class H ( (HK:0956) ) has shared an announcement.
China Suntien Green Energy Corporation Limited has entered into a Share Subscription Agreement with HECIC to issue 307,000,000 new H Shares at a subscription price of HK$4.93 per share, totaling HK$1,513,510,000. This transaction will increase HECIC’s shareholding to approximately 52.43% of the company’s enlarged share capital, necessitating a Whitewash Waiver application to avoid a mandatory general offer under the Takeovers Code.
The most recent analyst rating on (HK:0956) stock is a Buy with a HK$4.80 price target. To see the full list of analyst forecasts on China Suntien Green Energy Corporation Limited Class H stock, see the HK:0956 Stock Forecast page.
More about China Suntien Green Energy Corporation Limited Class H
China Suntien Green Energy Corporation Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates within the green energy sector, focusing on the development and provision of renewable energy solutions.
Average Trading Volume: 7,339,359
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$27.33B
See more data about 0956 stock on TipRanks’ Stock Analysis page.