tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Energy International Investments Transfers Equity Interest Amid PRC Restrictions

Story Highlights
  • Energy International operates in value-added telecom services with foreign investment limits.
  • The company restructured contracts to transfer 70% equity to a corporate shareholder.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Energy International Investments Transfers Equity Interest Amid PRC Restrictions

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Energy International Investments Holdings Ltd ( (HK:0353) ) has provided an update.

Energy International Investments Holdings Ltd has entered into new structured contracts to transfer 70% equity interest in its operating company (Opco) to a corporate shareholder, Shenzhen Luheneng, with the consent of the wholly foreign-owned enterprise (Wfoe). This move, which maintains the economic benefits and accounting method for the Opco Group, is part of the company’s strategy to navigate foreign investment restrictions in the PRC’s telecommunications sector without adversely impacting its operations or financial position.

More about Energy International Investments Holdings Ltd

Energy International Investments Holdings Ltd operates in the value-added telecommunications services industry, focusing on managing and controlling financial and operating policies through contractual arrangements due to foreign investment restrictions in the PRC.

Average Trading Volume: 1,171,304

Technical Sentiment Signal: Sell

Current Market Cap: HK$362M

For detailed information about 0353 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1