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The latest announcement is out from Wasion Holdings Limited ( (HK:3393) ).
Wasion Holdings’ subsidiary Wayon Energy has entered into a capital increase agreement under which Boyu Capital will subscribe for 48,810,742 new shares, representing about 8% of Wayon Energy’s enlarged share capital, for a total consideration of RMB 380 million. The transaction, treated as a deemed disposal under Hong Kong listing rules but below disclosure thresholds, is expected to bolster the group’s capital base and industrial resources, leveraging Boyu Capital’s extensive industry presence and cross-border investment expertise to support Wayon Energy’s business expansion, enhance its competitiveness in digital energy solutions and accelerate the implementation of its global strategic plans.
The most recent analyst rating on (HK:3393) stock is a Hold with a HK$18.00 price target. To see the full list of analyst forecasts on Wasion Holdings Limited stock, see the HK:3393 Stock Forecast page.
More about Wasion Holdings Limited
Wasion Holdings Limited, through its non-wholly-owned subsidiary Wayon Energy Technology Co., Ltd. in mainland China, operates in the digital energy sector, focusing on the development, manufacture and sale of smart distribution products. Wayon Energy is recognized as a national high-tech enterprise and has three core business segments spanning data center products and solutions, smart grids and new energy storage, with a strategy centered on internationalization, digitalization and green transformation to build a global digital energy ecosystem.
Average Trading Volume: 2,649,066
Technical Sentiment Signal: Buy
Current Market Cap: HK$16.09B
For an in-depth examination of 3393 stock, go to TipRanks’ Overview page.