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An announcement from Xinyi Solar Holdings ( (HK:0968) ) is now available.
Xinyi Solar Holdings and Xinyi Energy Holdings announced the disposal of a 51% equity interest in Xinyi Solar (Tianjin) to a purchaser comprising state-owned entities in China. The disposal was based on a valuation of RMB 1,009 million, considering factors such as operating history, financial performance, and future prospects. This transaction allows Xinyi to maintain a 49% stake, retain dividends, and oversee management, signaling strategic realignment while benefiting from operational efficiencies and the continuation of solar farm dividends for stakeholders.
The most recent analyst rating on (HK:0968) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Xinyi Solar Holdings stock, see the HK:0968 Stock Forecast page.
More about Xinyi Solar Holdings
Xinyi Solar Holdings is a solar energy company based in the Cayman Islands, primarily engaged in the manufacturing, development, and operation of solar farms and related services. The company focuses on providing solar-based energy solutions and operates its projects predominantly in China.
Average Trading Volume: 81,507,051
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$26.62B
For detailed information about 0968 stock, go to TipRanks’ Stock Analysis page.