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Concord New Energy Group ( (HK:0182) ) just unveiled an update.
Concord New Energy Group’s subsidiary Xishui Juhe has entered into a finance lease agreement with Yangtze Financial Leasing, under which Yangtze will purchase specified equipment from Xishui Juhe for RMB151 million and lease it back to Xishui Juhe in return for quarterly lease payments over the lease period. The transaction, structured as a sale-and-leaseback, qualifies as a discloseable transaction under Hong Kong listing rules because the applicable percentage ratios exceed 5% but are below 25%, signaling a notable but mid-sized balance sheet and funding move that enhances the group’s financing flexibility without triggering more onerous regulatory approval requirements.
The most recent analyst rating on (HK:0182) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Concord New Energy Group stock, see the HK:0182 Stock Forecast page.
More about Concord New Energy Group
Concord New Energy Group Limited, incorporated in Bermuda and listed in both Hong Kong and Singapore, operates in the energy sector with a focus on new energy-related assets and equipment. The company engages in project and asset financing structures typical for capital-intensive power and infrastructure businesses, using leasing and sale-leaseback arrangements to support its operations and growth.
Average Trading Volume: 17,497,700
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.64B
See more data about 0182 stock on TipRanks’ Stock Analysis page.