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An announcement from Xinte Energy Co., Ltd. Class H ( (HK:1799) ) is now available.
Xinte Energy Co., Ltd. has disclosed that its non-wholly owned subsidiary Inner Mongolia Energy will transfer its entire 79.92% interest in a partnership, representing a subscribed capital contribution of RMB1,337 million, to the partnership’s manager as part of the establishment of a First Tranche asset-backed securities program with the Shanghai Stock Exchange. The transfer, which requires no additional consideration beyond fulfilling the paid-in capital, will be completed upon the establishment of the ABS scheme and receipt of issuance proceeds, and qualifies as a discloseable transaction under Hong Kong Listing Rules, underscoring the company’s continued use of structured financing to support its capital and funding arrangements.
The most recent analyst rating on (HK:1799) stock is a Hold with a HK$7.50 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 PRC-incorporated company listed in Hong Kong, operating through subsidiaries such as Inner Mongolia Energy and participating in partnership and asset-backed securities structures related to its energy business.
Average Trading Volume: 2,694,667
Technical Sentiment Signal: Sell
Current Market Cap: HK$10.22B
See more insights into 1799 stock on TipRanks’ Stock Analysis page.