REPT BATTERO Restructures Stake in Connected Target Through RMB50 Million Deal

Rept Battero Energy Company Ltd Class H ( (HK:0666) ) has issued an announcement.

REPT BATTERO Energy Co., Ltd. has agreed to acquire the entire equity interest held by a vendor in a target company for RMB10 million and to inject a further RMB40 million by subscribing to new registered capital, resulting in total holdings of 10.8696% in the target. Following completion, the target company will no longer be a subsidiary of REPT BATTERO and will be deconsolidated from the group’s financial statements, while a new shareholder agreement sets out the rights and obligations among the company and other shareholders. Because controlling shareholder Ruitu Energy is also a substantial shareholder in the target, the deal is classified as a connected transaction under Hong Kong listing rules, triggering reporting and announcement requirements but exempting the company from issuing a circular or obtaining independent shareholders’ approval, and the transaction remains subject to conditions precedent being satisfied.

The most recent analyst rating on (HK:0666) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Rept Battero Energy Company Ltd Class H stock, see the HK:0666 Stock Forecast page.

More about Rept Battero Energy Company Ltd Class H

REPT BATTERO Energy Co., Ltd. is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong, operating in the energy sector with a focus on battery and related energy solutions. Its shareholder base includes Ruitu Energy as one of its controlling shareholders, indicating strategic ties within the broader energy industry ecosystem.

Average Trading Volume: 7,899,998

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$29.05B

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