China National Building Material Co (HK:3323) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
China National Building Material Co. (CNBM) is boosting its investment in CNBM Green Energy through a significant capital increase of approximately USD18.8 million. This move will see Tianshan Material, a subsidiary of CNBM, acquiring a 15% equity stake in CNBM Green Energy, enhancing its position in the green energy sector. The transaction is a connected one under Hong Kong’s listing rules, reflecting strategic growth in sustainable energy investments.
For further insights into HK:3323 stock, check out TipRanks’ Stock Analysis page.