TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Concord New Energy Group ( (HK:0182) ) just unveiled an announcement.
Concord New Energy Group Limited has announced a discloseable transaction involving the formation of a partnership with Jiangsu CMB, Taikang Life Insurance, and Taikang Pension Insurance. The partnership, with a total capital commitment of RMB1,811 million, aims to secure favorable investment returns through equity investments and shareholder loans in the new energy sector. Concord’s commitment to the partnership amounts to RMB550 million. This strategic move positions Concord to expand its investment footprint in the new energy industry, potentially enhancing its market presence and offering growth opportunities for stakeholders.
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, focusing on the new energy sector. It primarily engages in equity investment, investment management, and asset management within the new energy industry.
Average Trading Volume: 17,025,292
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.48B
For an in-depth examination of 0182 stock, go to TipRanks’ Overview page.