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An update from Northeast Electric Development Co., Ltd. Class H ( (HK:0042) ) is now available.
Northeast Electric Development Co., Ltd. Class H announced the disposal of its 10.5% equity interest in a minority investment company, a joint venture, for up to RMB 3.58 million. This transaction, completed on September 29, 2025, will result in the group no longer holding any equity interest in the minority investment company, thus its performance will not be reflected in the company’s joint ventures’ results. The transaction is considered a connected transaction under Hong Kong Stock Exchange listing rules but is exempt from compliance with certain requirements due to its size.
The most recent analyst rating on (HK:0042) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Northeast Electric Development Co., Ltd. Class H stock, see the HK:0042 Stock Forecast page.
More about Northeast Electric Development Co., Ltd. Class H
YTD Price Performance: 3.85%
Average Trading Volume: 1,025,064
Technical Sentiment Signal: Sell
Current Market Cap: HK$235.8M
For an in-depth examination of 0042 stock, go to TipRanks’ Overview page.