Xinte Energy Proposes Amendments to Facilitate Overseas Share Listing

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

Xinte Energy Co., Ltd. has announced proposed amendments to its Articles of Association, aligning with the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies issued by the China Securities Regulatory Commission. This move, which requires shareholder approval at the upcoming annual general meeting, aims to facilitate the conversion of unlisted domestic shares into shares listed and traded on overseas stock exchanges, potentially impacting the company’s market operations and shareholder dynamics.

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. operates within the energy sector, focusing on the production and distribution of energy-related products and services. The company is incorporated in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.

Average Trading Volume: 2,657,685

Technical Sentiment Signal: Sell

Current Market Cap: HK$6.29B

See more insights into 1799 stock on TipRanks’ Stock Analysis page.