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China Carbon Neutral Development Group Limited ( (HK:1372) ) has issued an announcement.
China Carbon Neutral Development Group Limited announced that substantial shareholder Mr. Sha Tao acquired an additional 3,911,000 shares on the open market at an average price of about HK$1.20 per share, increasing his deemed interest to 160,465,000 shares, or approximately 23.77% of the company’s issued share capital as of the announcement date. The board views this voluntary increase in shareholding as a sign of Mr. Sha’s confidence in the group’s long-term prospects, and emphasized that the company continues to meet Hong Kong Stock Exchange public float requirements, while advising shareholders and potential investors to exercise caution when trading the shares.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
More about China Carbon Neutral Development Group Limited
China Carbon Neutral Development Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with a board comprising executive, non-executive and independent non-executive directors. The company positions itself around carbon-neutral development activities, though this announcement does not elaborate on its specific products, services or core operating segments.
Average Trading Volume: 3,830,921
Technical Sentiment Signal: Hold
Current Market Cap: HK$880.9M
See more insights into 1372 stock on TipRanks’ Stock Analysis page.