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CM Energy Tech Delays Circular Dispatch for Share Subscription

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CM Energy Tech Delays Circular Dispatch for Share Subscription

CMIC Ocean En-Tech Holding Co ( (HK:0206) ) has shared an update.

CM Energy Tech Co., Ltd. has announced a delay in the dispatch of a circular related to a connected transaction involving a share subscription by China Merchants Innovation and Technology (Hong Kong) Co., Limited. This delay, granted with an extension until February 13, 2025, is due to the need for additional time to prepare financial information and obtain advice from independent financial advisors. The subscription’s completion is contingent upon fulfilling certain conditions, and stakeholders are advised to exercise caution regarding their shares.

More about CMIC Ocean En-Tech Holding Co

CM Energy Tech Co., Ltd., incorporated in the Cayman Islands, operates within the energy technology industry. The company focuses on innovation and technology-driven products and services, primarily targeting the energy sector.

YTD Price Performance: 0.47%

Average Trading Volume: 672,195

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$686.3M

For a thorough assessment of 0206 stock, go to TipRanks’ Stock Analysis page.

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