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GCL New Energy Holdings ( (HK:0451) ) just unveiled an update.
GCL New Energy Holdings Limited announced the termination of its EPC Agreement related to a project in Ethiopia due to changes in the transaction plan and inability to meet local licensing and construction requirements. The company stated that this termination will not adversely affect its financial or operational position and is considered beneficial for the company and its shareholders.
More about GCL New Energy Holdings
GCL New Energy Holdings Limited is a company incorporated in Bermuda, primarily operating in the renewable energy sector. It focuses on the development, construction, and management of solar power plants, with a market focus on expanding its energy solutions across various regions.
YTD Price Performance: -25.00%
Average Trading Volume: 13,636
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $81.13M
Find detailed analytics on 0451 stock on TipRanks’ Stock Analysis page.