Hebei Yichen to Buy Controlling Stake in Electricity Business for RMB135 Million

The latest update is out from Hebei Yichen Industrial Group Corporation Limited Class H ( (HK:1596) ).

Hebei Yichen Industrial Group Corporation Limited has agreed to acquire 86.22% of a target company engaged in the electricity business for RMB135 million, a move that will make the target and its subsidiaries consolidated subsidiaries of Hebei Yichen upon completion and deepen the group’s participation in the power sector. The transaction is classified as both a discloseable and connected transaction under Hong Kong listing rules because certain vendors belong to the controlling shareholders group or are deemed connected persons, triggering requirements for an extraordinary general meeting, independent board committee and financial adviser review, and shareholder approval, with a circular detailing the deal and EGM arrangements expected to be dispatched by 31 March 2026.

The most recent analyst rating on (HK:1596) stock is a Hold with a HK$0.72 price target. To see the full list of analyst forecasts on Hebei Yichen Industrial Group Corporation Limited Class H stock, see the HK:1596 Stock Forecast page.

More about Hebei Yichen Industrial Group Corporation Limited Class H

Hebei Yichen Industrial Group Corporation Limited is a PRC-incorporated joint stock limited company listed in Hong Kong, with a controlling shareholders group that jointly holds a majority stake and exercises concerted voting rights at general meetings. The company is expanding its footprint into the electricity sector through the acquisition of a controlling interest in an electricity-focused group of companies, whose results will be consolidated into Hebei Yichen’s financial statements after completion.

Average Trading Volume: 123,824

Technical Sentiment Signal: Sell

Current Market Cap: HK$619.5M

For a thorough assessment of 1596 stock, go to TipRanks’ Stock Analysis page.