Xinyi Group Units Reorganise Stake in Jinzai Wind Power via Connected Transaction

Xinyi Glass Holdings ( (HK:0868) ) just unveiled an update.

Xinyi Glass Holdings, together with its affiliated listed entities Xinyi Energy, Xinyi Solar and Xinyi Electric Storage, has entered into an equity transfer agreement under which Xinyi Energy (Fanchang) will acquire an equity interest in Jinzai Wind Power from Xinyi Glass (Wuhu) and XES Anhui Power, further consolidating renewable power assets within the Xinyi group structure. The transaction is classified as a connected transaction for Xinyi Glass, Xinyi Energy, Xinyi Solar and Xinyi Electric Storage under the Main Board and GEM Listing Rules, but because the relevant percentage ratios are above 0.1% and below 5%, it will only be subject to reporting and announcement requirements and will not require circulars, independent financial advice or independent shareholders’ approval, streamlining execution while maintaining disclosure obligations for investors.

The most recent analyst rating on (HK:0868) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Xinyi Glass Holdings stock, see the HK:0868 Stock Forecast page.

More about Xinyi Glass Holdings

Xinyi Glass Holdings is part of a broader Xinyi group of listed entities spanning glass manufacturing, solar energy and power generation, and energy storage. Through affiliates including Xinyi Energy Holdings, Xinyi Solar Holdings and Xinyi Electric Storage Holdings, the group focuses on renewable energy assets and related industrial operations, positioning itself along the clean energy value chain from materials to power generation and storage in mainland China and beyond.

Average Trading Volume: 9,533,426

Technical Sentiment Signal: Sell

Current Market Cap: HK$36.41B

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