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The latest update is out from Hengxin Technology Ltd. ( (HK:1085) ).
Hengxin Technology Ltd. has announced that its subsidiary, Zhejiang Zhongguang New Energy Technology Co., Ltd., has entered into a loan agreement worth RMB200 million with Exim New-Type Policy Financial Instruments Co., Ltd. This loan will support the capital needs of the Delingha 350MW tower-based solar thermal power project in Qinghai Province, China. The project is expected to enhance the company’s position in the solar thermal power sector by providing stable and reliable clean energy to the Qinghai grid. The loan aligns with Hengxin’s renewable energy strategy and is anticipated to generate stable long-term revenue, boosting the company’s market reputation and competitiveness.
The most recent analyst rating on (HK:1085) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
More about Hengxin Technology Ltd.
Hengxin Technology Ltd. operates in the renewable energy sector, focusing on solar thermal power generation. The company is involved in developing projects that enhance energy storage and power generation stability, aiming to provide clean and reliable power solutions.
Average Trading Volume: 488,295
Technical Sentiment Signal: Buy
Current Market Cap: HK$800.8M
See more data about 1085 stock on TipRanks’ Stock Analysis page.