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The latest announcement is out from Xinyi Energy Holdings Limited ( (HK:3868) ).
Xinyi Energy Holdings Limited and Xinyi Solar Holdings Limited have announced a discloseable transaction involving the disposal of a 51% equity interest in Xinyi Solar (Tianjin). The transaction is valued at RMB514.59 million and will result in Xinyi Solar (Tianjin) ceasing to be a subsidiary of Xinyi Energy and a non-wholly owned subsidiary of Xinyi Solar. This move is subject to the notification and announcement requirements under the Listing Rules and will impact the accounting treatment of the remaining interests in Xinyi Solar (Tianjin), which will now be accounted for using the equity method.
The most recent analyst rating on (HK:3868) stock is a Hold with a HK$1.30 price target. To see the full list of analyst forecasts on Xinyi Energy Holdings Limited stock, see the HK:3868 Stock Forecast page.
More about Xinyi Energy Holdings Limited
YTD Price Performance: 65.78%
Average Trading Volume: 21,411,181
Technical Sentiment Signal: Buy
Current Market Cap: HK$10.56B
See more data about 3868 stock on TipRanks’ Stock Analysis page.