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Shanghai REFIRE Group Ltd. Class H ( (HK:2570) ) has shared an update.
Shanghai REFIRE Group Ltd. has announced several strategic decisions following its board meeting on August 8, 2025. The company decided not to recommend an interim dividend for the first half of 2025 due to negative undistributed profits. Additionally, the board proposed related party transactions for 2025, ensuring they are fair and beneficial for the company and its shareholders. The company plans to increase its capital in Guangdong Enze to expand its hydrogen production capabilities, with Guangdong Discovery Motors contributing RMB100 million. Furthermore, REFIRE will increase its stake in Sailafu REFIRE by contributing an additional RMB70 million, making it a subsidiary. The board also resolved to amend its internal corporate governance policies, reflecting changes approved in the 2024 AGM.
More about Shanghai REFIRE Group Ltd. Class H
Shanghai REFIRE Group Ltd. is a company based in the People’s Republic of China, primarily engaged in the hydrogen production industry. The company is focused on expanding its market presence in hydrogen production and related technologies.
Average Trading Volume: 64,958
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$14.2B
Learn more about 2570 stock on TipRanks’ Stock Analysis page.