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Towngas China Co ( (HK:1083) ) has issued an announcement.
Towngas China Co has announced the Phase 3 Disposal as part of its Asset-Backed Securities (ABS) Program. The company has entered into agreements to sell its equity interests in subsidiaries involved in rooftop photovoltaic power generation and energy storage projects in China. This move involves a series of transactions, including the sale of equity interests and debts, with the company also subscribing to a portion of the ABS issued. The disposal is classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules, highlighting its significance in the company’s strategic financial maneuvers.
The most recent analyst rating on (HK:1083) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Towngas China Co stock, see the HK:1083 Stock Forecast page.
More about Towngas China Co
YTD Price Performance: 31.64%
Average Trading Volume: 5,839,466
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$14.46B
Learn more about 1083 stock on TipRanks’ Stock Analysis page.