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Puxing Energy Secures Approval for New Financial Services Agreement

Story Highlights
  • Puxing Energy operates in energy and specializes in financial services like deposits and bills transaction support.
  • The company passed a resolution to adopt a New Financial Services Agreement for three years with unanimous shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Puxing Energy Secures Approval for New Financial Services Agreement

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Puxing Energy Ltd. ( (HK:0090) ) has provided an update.

At the Extraordinary General Meeting held on December 17, 2025, Puxing Energy Limited successfully passed an ordinary resolution to adopt its New Financial Services Agreement. The resolution, which covers deposit services, bills acceptance services, and bills discounting services with proposed annual caps for three years ending December 31, 2028, received unanimous votes from independent shareholders. Stakeholder alignment and transparency were ensured through abstentions from significant shareholders like Puxing International, enabling independent shareholders to retain voting influence. This move supports its operational framework and aims to solidify its strategic direction.

The most recent analyst rating on (HK:0090) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Puxing Energy Ltd. stock, see the HK:0090 Stock Forecast page.

More about Puxing Energy Ltd.

Puxing Energy Limited is incorporated in the Cayman Islands and operates within the energy sector. The company specializes in providing financial services like deposit services, bills acceptance, and bills discounting services, with a focus on major and continuing connected transactions. It is indirectly wholly-owned by Wanxiang Group.

Average Trading Volume: 249,016

Technical Sentiment Signal: Buy

Current Market Cap: HK$605.4M

Find detailed analytics on 0090 stock on TipRanks’ Stock Analysis page.

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