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Xinte Energy Co., Ltd. Class H ( (HK:1799) ) has shared an announcement.
Xinte Energy Co., Ltd. announced a connected transaction involving the acquisition of 100% equity interest in Xuyi High Drive from TBEA, its controlling shareholder, for RMB136,800,000. This acquisition, which will make Xuyi High Drive a subsidiary of Xinte Energy, is expected to consolidate the financial results of Xuyi High Drive into the company’s financial statements, potentially enhancing its operational capabilities and market position.
The most recent analyst rating on (HK:1799) stock is a Buy with a HK$9.40 price target. To see the full list of analyst forecasts on Xinte Energy Co., Ltd. Class H stock, see the HK:1799 Stock Forecast page.
More about Xinte Energy Co., Ltd. Class H
Xinte Energy Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the energy sector. The company is involved in the production and distribution of energy-related products and services, with a significant market focus on renewable energy solutions.
Average Trading Volume: 4,889,727
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.6B
For detailed information about 1799 stock, go to TipRanks’ Stock Analysis page.