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Green Energy Group Limited ( (HK:0979) ) has provided an update.
Green Energy Group Limited has agreed to sell a piece of German real estate and certain related assets in two connected transactions to entities associated with director Mr. Pek. The deals involve a property sale for EUR565,000 and an asset sale for EUR80,000, together equivalent to about HK$6.04 million.
Because the purchasers are associates of Mr. Pek, the transactions are aggregated under Hong Kong Listing Rules, making them discloseable deals with at least one percentage ratio above 5% but below 25%. The disposals, subject to specified payment conditions and German land registry procedures, represent a modest balance-sheet reshaping that triggers notification and announcement requirements but not shareholder approval.
The most recent analyst rating on (HK:0979) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Green Energy Group Limited stock, see the HK:0979 Stock Forecast page.
More about Green Energy Group Limited
Green Energy Group Limited, incorporated in Bermuda and listed in Hong Kong, operates in the broader green energy and related asset sector. The company’s activities include holding and managing real estate and operational assets that support its business, with transactions often structured under Hong Kong’s Listing Rules framework for discloseable deals.
Average Trading Volume: 870,273
Technical Sentiment Signal: Buy
Current Market Cap: HK$413.7M
For a thorough assessment of 0979 stock, go to TipRanks’ Stock Analysis page.