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Xinyi Energy Holdings Limited ( (HK:3868) ) has provided an announcement.
Xinyi Energy Holdings Limited and Xinyi Solar Holdings Limited have jointly announced the disposal of 51% equity interest in Xinyi Solar (Tianjin), leveraging qualitative and quantitative factors to evaluate the transaction. This move supports operational efficiency in their Tianjin solar farm while maintaining strategic control over dividends and service revenue, with potential implications for the stakeholders, including enhanced asset management and access to state-owned capabilities through the purchaser partners.
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
Xinyi Energy Holdings Limited operates in the renewable energy industry, focusing on solar energy solutions. The company is involved in managing solar farms and offering energy-related services that contribute to sustainable energy practices. Xinyi Solar Holdings Limited, a sister company, emphasizes solar farm management and the provision of solar energy solutions primarily targeting the Chinese market.
YTD Price Performance: 51.07%
Average Trading Volume: 14,139,990
Technical Sentiment Signal: Hold
Current Market Cap: HK$9.63B
See more insights into 3868 stock on TipRanks’ Stock Analysis page.