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Concord New Energy Group ( (HK:0182) ) just unveiled an update.
Concord New Energy Group Limited, a company incorporated in Bermuda with limited liability, has announced a new finance lease arrangement with Yangtze United Financial Leasing. The arrangement involves Yangtze purchasing equipment assets from Shangcheng County Century Concord for RMB320,000,000 and leasing them back, replacing an original finance lease agreement with CITIC Financial Leasing. This transaction is categorized as discloseable, with implications under Chapter 14 of the Listing Rules, due to the applicable percentage ratio exceeding 5% but being less than 25%.
More about Concord New Energy Group
YTD Price Performance: -9.33%
Average Trading Volume: 17,500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $504.5M
See more data about 0182 stock on TipRanks’ Stock Analysis page.
