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Sichuan Energy Investment Development Co., Ltd. Class H ( (HK:1713) ) just unveiled an announcement.
Sichuan Energy Investment Development Co., Ltd. has proposed a change in the allocation of its net proceeds from a previous global offering. The decision comes as the company adopts a more cautious approach to acquiring power-related assets, resulting in the reallocation of approximately RMB37 million to replenish working capital. This move aims to enhance financial efficiency and operational capabilities without adversely affecting existing operations, aligning with the company’s long-term interests and benefiting shareholders.
More about Sichuan Energy Investment Development Co., Ltd. Class H
Sichuan Energy Investment Development Co., Ltd. operates in the energy sector, focusing primarily on power-related assets and infrastructure such as power grid construction and optimization, establishment of power dispatching control centers, and promoting intelligent power grid systems.
YTD Price Performance: 1.60%
Average Trading Volume: 1,800
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €287.6M
See more data about 1713 stock on TipRanks’ Stock Analysis page.
