Concord New Energy Group (HK:0182) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Concord New Energy Group has announced that its subsidiary, Century Concord Wind Power, has entered into guarantee agreements with Ping An Bank and China Merchants Bank to secure loans for O&M Co, a joint venture partially owned by the company. These agreements involve counter-guarantees to protect Century Concord Wind Power from potential losses, and they fall under the category of connected transactions that are subject to annual review. The complex financial arrangements reflect the company’s ongoing strategy to manage risk and investment in the joint venture.
For further insights into HK:0182 stock, check out TipRanks’ Stock Analysis page.
