Datang Environment to Acquire Scrapped Wind Turbines in Connected RMB24.6 Million Deal

Datang Environment Industry Group Co., Ltd. Class H ( (HK:1272) ) just unveiled an announcement.

Datang Environment Industry Group Co., Ltd. has agreed to purchase scrapped assets comprising 38 wind turbines and related equipment from Guiguan Panzhou, a branch of a non wholly-owned subsidiary of its controlling shareholder China Datang. The assets, located at Datang Sige Wind Farm, will be acquired for RMB24.57 million, with a tax-exclusive valuation of RMB21.75 million, funded through internal resources and bank borrowings.

Because Guiguan Panzhou is a connected person under Hong Kong listing rules, the transaction is classified as a connected transaction for Datang Environment. The deal’s size triggers reporting and announcement requirements but remains below the threshold for a shareholder circular or independent shareholders’ approval, signalling a relatively modest but regulated intra-group asset reallocation in the company’s wind power-related portfolio.

The most recent analyst rating on (HK:1272) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Datang Environment Industry Group Co., Ltd. Class H stock, see the HK:1272 Stock Forecast page.

More about Datang Environment Industry Group Co., Ltd. Class H

Datang Environment Industry Group Co., Ltd. is a PRC-incorporated company listed in Hong Kong that operates within the environmental and energy-related infrastructure sector. The group focuses on providing services and assets that support power generation and environmental protection, aligning closely with the broader operations of its controlling shareholder, China Datang.

Average Trading Volume: 205,447

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$3.71B

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