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An update from Shanxi Installation Group Co., Ltd. Class H ( (HK:2520) ) is now available.
Shanxi Installation Group Co., Ltd. has announced the formation of a joint venture with Shanxi Sanjian and Huaneng Power, contributing RMB10 million to the registered capital of RMB100 million. The joint venture, Shanxi Jianhua Energy Co., Ltd, will focus on hydropower generation and related services, leveraging the internal resources of Shanxi Installation Group for its contribution. This strategic move is expected to enhance the company’s position in the renewable energy sector without impacting its financial consolidation.
The most recent analyst rating on (HK:2520) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Shanxi Installation Group Co., Ltd. Class H stock, see the HK:2520 Stock Forecast page.
More about Shanxi Installation Group Co., Ltd. Class H
Shanxi Installation Group Co., Ltd. operates in the hydropower generation industry, providing services such as electricity generation, transmission, and supply. The company is also involved in wind and solar power generation technical services, electrical installation, and the research and development of emerging energy technologies.
Average Trading Volume: 89,333
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$2.94B
See more insights into 2520 stock on TipRanks’ Stock Analysis page.