An announcement from China Risun Group Ltd. ( (HK:1907) ) is now available.
China Risun Group Limited announced a potential strategic move through a non-legally binding cooperation intention agreement with Beijing SinoHytec Co., Ltd. The agreement involves the potential disposal of Risun Group’s entire equity interest in Dingzhou Risun Hydrogen Energy Co., Ltd. in exchange for A shares issued by Beijing SinoHytec. This move could significantly impact Risun Group’s operations by aligning with a leading fuel cell systems provider, potentially enhancing its position in the hydrogen energy market. However, the agreement is not yet legally binding, and the transaction may or may not proceed.
More about China Risun Group Ltd.
China Risun Group Limited operates in the energy sector, focusing on hydrogen energy and related technologies. The company is involved in the production and distribution of hydrogen energy solutions, with a market focus on sustainable and renewable energy sources.
Average Trading Volume: 2,369
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.44B
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