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Tsaker New Energy Tech Co., Limited ( (HK:1986) ) has provided an announcement.
Tsaker New Energy Tech Co., Limited has announced a proposal for its subsidiary, Tsaker Technology, to issue new shares on the Beijing Stock Exchange through an initial public offering. This move is expected to reduce the parent company’s shareholding in Tsaker Technology, constituting a deemed disposal under Hong Kong’s Listing Rules. The proposal has already received necessary shareholder approvals, and the transaction could significantly impact the company’s structure and market positioning by potentially classifying it as a major transaction.
More about Tsaker New Energy Tech Co., Limited
Tsaker New Energy Tech Co., Limited is a company incorporated in the Cayman Islands, focusing on the energy technology sector. It operates with a market focus on innovative energy solutions, leveraging its subsidiary, Tsaker Technology, to expand its presence in the energy market.
YTD Price Performance: -22.35%
Average Trading Volume: 220,420
Technical Sentiment Signal: Buy
Current Market Cap: HK$637.7M
For detailed information about 1986 stock, go to TipRanks’ Stock Analysis page.