Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) has provided an announcement.
Beijing SinoHytec Co., Ltd. has entered into a non-legally binding agreement with Risun Group Co., Ltd. to potentially acquire 100% equity interests in Dingzhou Risun Hydrogen Energy Co., Ltd. This proposed transaction, which is still in the preliminary planning stage, involves the issuance of A shares to raise ancillary funds. The transaction could significantly impact SinoHytec’s operations by expanding its capabilities in the hydrogen energy sector and potentially enhancing its market position. Trading in SinoHytec’s A shares will be temporarily suspended to ensure fair information disclosure and protect investor interests.
More about Beijing SinoHytec Co., Ltd. Class H
Beijing SinoHytec Co., Ltd. is a provider of fuel cell systems, focusing on the design, development, and manufacturing of fuel cell systems and stacks, primarily for commercial vehicles such as buses and trucks in China.
YTD Price Performance: 1.46%
Average Trading Volume: 273,290
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$5.76B
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