An update from CGN New Energy Holdings Co., Ltd. ( (HK:1811) ) is now available.
CGN New Energy Holdings Co., Ltd. has announced the disposal of its subsidiary, Nantong Meiya, by selling all its equity interests through a public tender process. The transaction, valued at RMB475,000,000, was completed with the successful bidder, Nantong Nengda, and marks a strategic move for CGN New Energy as it ceases its interest in Nantong Meiya. This disposal is categorized as a discloseable transaction under the Listing Rules, reflecting a significant shift in the company’s asset management strategy.
More about CGN New Energy Holdings Co., Ltd.
CGN New Energy Holdings Co., Ltd. is a company incorporated in Bermuda, focusing on the energy sector. It is involved in the development and operation of renewable energy projects, including wind, solar, and other clean energy sources.
YTD Price Performance: -1.63%
Average Trading Volume: 6,066,277
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: HK$10.08B
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