Xinte Energy Co., Ltd. Class H ( (HK:1799) ) has shared an update.
Xinte Energy Co., Ltd. has announced the termination of its Employee Share Ownership Scheme, initially implemented as an incentive mechanism linked to a proposed A Share Offering. This decision follows significant changes in the photovoltaic industry’s supply-demand dynamics and polysilicon price fluctuations, leading to the withdrawal of the A Share Offering application. Despite the scheme’s termination, the company’s controlling shareholder, TBEA Co., Ltd., plans to acquire all subject shares, ensuring no adverse impact on Xinte Energy’s operations or strategic development. The company remains committed to its long-term growth and will explore new incentive systems to attract and retain talent.
More about Xinte Energy Co., Ltd. Class H
Xinte Energy Co., Ltd. operates in the photovoltaic industry, focusing on the production and distribution of polysilicon products. The company is a joint stock entity incorporated in the People’s Republic of China and is primarily engaged in providing energy solutions, with a significant emphasis on solar energy technologies.
YTD Price Performance: -42.19%
Average Trading Volume: 2,967,504
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.19B
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