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Perennial Energy Holdings Ltd. ( (HK:2798) ) has provided an announcement.
Perennial Energy Holdings Ltd. has announced a revision of its annual caps for electricity supply under the 2023 Electricity Supply Agreements for fiscal years 2025 and 2026. The company has increased the caps to RMB45,000,000 for FY2025 and RMB55,000,000 for FY2026, up from the original RMB18,410,000 per year, to meet the growing demand for electricity in its production and operations. This revision reflects the company’s strategic adjustments to ensure sufficient electricity supply for its operations, involving connected transactions with Guizhou Yue Bang, which are subject to specific reporting and compliance requirements under the Hong Kong Listing Rules.
The most recent analyst rating on (HK:2798) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Perennial Energy Holdings Ltd. stock, see the HK:2798 Stock Forecast page.
More about Perennial Energy Holdings Ltd.
Perennial Energy Holdings Ltd. is a company incorporated in the Cayman Islands, operating in the energy sector. It focuses on electricity supply agreements, particularly in connection with its operations in coal mines.
Average Trading Volume: 1,269,878
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.25B
Find detailed analytics on 2798 stock on TipRanks’ Stock Analysis page.