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China Anchu Energy Storage Group Ltd ( (HK:2399) ) has provided an announcement.
China Anchu Energy Storage Group Limited announced amendments to its Capital Contribution Agreements, related to a deemed disposal of equity interest in a subsidiary and the grant of repurchase rights. The supplemental agreements outline the maximum repurchase amounts for investors, reflecting a strategic move to ensure fair and reasonable terms, beneficial to both the company and its shareholders. The directors consider these amendments to be in the best interest of the company, though stakeholders are advised that completion of these agreements is contingent upon certain conditions being met.
More about China Anchu Energy Storage Group Ltd
China Anchu Energy Storage Group Limited is a company incorporated in the Cayman Islands, focusing on energy storage solutions. Its primary products and services are related to energy storage technologies, which serve a crucial role in the energy industry.
YTD Price Performance: -17.36%
Average Trading Volume: 2,655,338
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$609.4M
For an in-depth examination of 2399 stock, go to TipRanks’ Stock Analysis page.
