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An update from Add New Energy Investment Holdings Group Ltd. ( (HK:2623) ) is now available.
Prominence Investment Holding Company Limited has closed its unconditional mandatory general cash offer for all issued shares of Add New Energy Investment Holdings Group Ltd. not already owned by it or its concert parties, with the offer period ending at 4:00 p.m. on 8 January 2026 and no extension or revision to the terms. The offer attracted valid acceptances for 237,768 shares, representing about 0.07% of Add New Energy’s issued share capital, resulting in a total cash consideration of approximately HK$97,580 and lifting Prominence’s stake slightly from 55.66% to 55.73%, a marginal increase that consolidates control but leaves the overall shareholding structure and market float largely unchanged for existing investors.
The most recent analyst rating on (HK:2623) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page.
More about Add New Energy Investment Holdings Group Ltd.
Add New Energy Investment Holdings Group Ltd. is a Hong Kong-listed company engaged in the new energy sector, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 02623. The group focuses on investment and operations within the broader clean and alternative energy industry, positioning itself to serve demand for energy transition and related industrial applications.
Average Trading Volume: 1,522,373
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.67B
Learn more about 2623 stock on TipRanks’ Stock Analysis page.