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The latest announcement is out from GCL-Poly Energy Holdings ( (HK:3800) ).
GCL Technology Holdings has entered into a new 2026–2028 Coal Supply Framework Agreement under which its affiliate GCL Intelligent Energy will supply coal to Jiangsu Zhongneng from 1 January 2026 to 31 December 2028, replacing the existing 2023–2025 framework when it expires at the end of 2025. Because both GCL Intelligent Energy and key board members are linked to the Zhu Family Trust, the arrangement is classified as a continuing connected transaction under Hong Kong Listing Rules, triggering reporting, announcement and annual review requirements but exempting the deal from the need for an independent shareholders’ vote; directors with ties to the trust abstained from voting to mitigate conflicts of interest.
The most recent analyst rating on (HK:3800) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on GCL-Poly Energy Holdings stock, see the HK:3800 Stock Forecast page.
More about GCL-Poly Energy Holdings
GCL Technology Holdings Limited is a Hong Kong-listed energy group incorporated in the Cayman Islands, with operations that include coal-related supply arrangements within its broader energy portfolio. The company’s structure involves significant shareholdings and control by the Zhu Family Trust, which makes certain counterparties to its transactions connected persons under Hong Kong Listing Rules.
YTD Price Performance: 0.93%
Average Trading Volume: 547,959,798
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$36.21B
See more data about 3800 stock on TipRanks’ Stock Analysis page.