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Xinyi Solar Holdings ( (HK:0968) ) has provided an update.
Xinyi Solar Holdings Limited announced the disposal of a 51% equity interest in Xinyi Solar (Tianjin) for RMB514.59 million, marking a significant transaction under the Listing Rules. This move results in Xinyi Solar (Tianjin) ceasing to be a subsidiary of Xinyi Energy and Xinyi Solar, with remaining interests to be accounted for using the equity method. The transaction, subject to notification and announcement requirements, reflects strategic adjustments in the company’s operations, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (HK:0968) stock is a Hold with a HK$3.50 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 Limited, incorporated in the Cayman Islands, is a prominent player in the solar energy industry, primarily focusing on the production and sale of solar glass and other solar products. The company is a significant shareholder in Xinyi Energy Holdings Limited, which is involved in solar energy generation.
Average Trading Volume: 95,624,409
Technical Sentiment Signal: Hold
Current Market Cap: HK$32.01B
For detailed information about 0968 stock, go to TipRanks’ Stock Analysis page.