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Concord New Energy Group ( (HK:0182) ) has shared an update.
Concord New Energy Group Limited has announced a discloseable transaction involving the disposal of its 100% interest in Cangzhou Julong to Shirui Energy for approximately RMB65.3 million. This transaction is part of a strategic move that involves the aggregation of previous disposals, resulting in a discloseable transaction under Hong Kong’s Listing Rules. The sale is expected to impact the company’s financials by aligning with its strategic goals, although the specific implications for stakeholders are not detailed.
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 is a company incorporated in Bermuda, primarily operating in the energy sector. The company focuses on renewable energy projects and has several wholly-owned subsidiaries engaged in various energy-related activities.
YTD Price Performance: -32.20%
Average Trading Volume: 16,277,843
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.48B
Learn more about 0182 stock on TipRanks’ Stock Analysis page.