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Concord New Energy Group ( (HK:0182) ) has provided an update.
Concord New Energy Group has received an eligibility-to-list letter from the Singapore Exchange Securities Trading Limited, marking a key step toward a proposed secondary listing in Singapore. The planned secondary listing will not involve issuing new shares or fundraising, and the company’s ordinary shares will remain primarily listed and traded on the Hong Kong Stock Exchange, meaning existing capital structure and primary market focus remain unchanged. The transaction is still conditional on fulfilling requirements set out by the Singapore exchange and on prevailing market conditions, so there is no certainty the secondary listing will be completed, and the company has cautioned shareholders and potential investors to remain prudent while it continues to provide further updates as required by regulation.
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 Hong Kong-listed energy company incorporated in Bermuda that operates through its subsidiaries in the broader new-energy and power sector, with its ordinary shares primarily traded on the Hong Kong Stock Exchange under stock code 182.
Average Trading Volume: 16,166,821
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.44B
For a thorough assessment of 0182 stock, go to TipRanks’ Stock Analysis page.