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An update from Xinjiang Goldwind Science & Technology Co ( (HK:2208) ) is now available.
Goldwind Science & Technology Co., Ltd. has decided to terminate its application for issuing an infrastructure publicly offered securities investment fund (REITs) that was to be listed on the Shenzhen Stock Exchange and backed by the Quannan Tianpaishan wind power project. The board approved ending the review process with the China Securities Regulatory Commission and the Shenzhen Stock Exchange via the fund and ABS managers, citing a strategic move to consolidate project resources and optimize operations and management. The company stated that cancelling the REITs issuance will not adversely affect its daily operations or financial position, nor harm the interests of the company or its minority shareholders, indicating that the decision is an adjustment in capital and project management rather than a sign of operational stress.
The most recent analyst rating on (HK:2208) stock is a Hold with a HK$15.50 price target. To see the full list of analyst forecasts on Xinjiang Goldwind Science & Technology Co stock, see the HK:2208 Stock Forecast page.
More about Xinjiang Goldwind Science & Technology Co
Goldwind Science & Technology Co., Ltd. is a leading Chinese wind power equipment manufacturer and clean energy solutions provider, listed in Hong Kong and the PRC. The company focuses on the development, manufacturing and operation of wind turbines and related new energy infrastructure, serving China’s rapidly developing renewable energy sector and international markets.
YTD Price Performance: 9.69%
Average Trading Volume: 38,209,141
Technical Sentiment Signal: Buy
Current Market Cap: HK$115.7B
Learn more about 2208 stock on TipRanks’ Stock Analysis page.