Xinte Energy Announces Capital Injection Agreement with ABC Financial

Xinte Energy Co., Ltd. Class H ( (HK:1799) ) has provided an announcement.

Xinte Energy Co., Ltd. has entered into a Capital Injection Agreement with ABC Financial and Sunoasis, where ABC Financial will inject RMB1 billion into Sunoasis. This transaction will result in a reduction of Xinte Energy’s equity interest in Sunoasis from 99.49% to 91.26%, constituting a deemed disposal under the Listing Rules. The agreement includes provisions for exit arrangements for ABC Financial and options for Xinte Energy to reacquire shares, impacting the company’s operational control and financial structuring.

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 within the energy sector. The company primarily focuses on renewable energy solutions and is involved in the production and management of solar energy through its subsidiaries.

Average Trading Volume: 1,712,673

Technical Sentiment Signal: Sell

Current Market Cap: HK$6.85B

For detailed information about 1799 stock, go to TipRanks’ Stock Analysis page.