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Green Energy Group Limited ( (HK:0979) ) just unveiled an announcement.
Green Energy Group Limited has issued a supplemental announcement detailing its previously disclosed disposals of real estate and assets tied to its plastic recycling business in Europe. The properties, comprising industrial buildings and warehouses first constructed in 1978 and expanded through 2013, were acquired in 2016 and had been in continuous use prior to their sale to the group, with an unaudited carrying value of about EUR660,000 as of 28 February 2026.
The company also disclosed that the related production machinery, much of which has been in use since 2012, had an unaudited carrying value of roughly EUR82,000 at the same date, reflecting significant accumulated depreciation against an original cost near EUR978,000. The board said the total consideration for the disposals, set with reference to these carrying values and agreed audited figures, is fair and reasonable and in the interests of shareholders, implying a continued effort to realign the group’s asset base and financial position as the plastic recycling operations mature and depreciated assets are monetised.
More about Green Energy Group Limited
Green Energy Group Limited, incorporated in Bermuda and listed in Hong Kong, operates in the green and recycling sector, having invested in plastic recycling facilities and related industrial real estate and machinery in Europe. The group’s assets include industrial buildings, warehouses, and production machinery that support its plastic recycling operations and broader environmental services focus.
Average Trading Volume: 885,872
Technical Sentiment Signal: Sell
Current Market Cap: HK$400.1M
Learn more about 0979 stock on TipRanks’ Stock Analysis page.