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Concord New Energy Group ( (HK:0182) ) just unveiled an announcement.
Concord New Energy Group Limited has announced a significant transaction involving the sale of its entire equity interest in Yilan Century Concord to ACWA for approximately RMB506,107,000. This move, classified as a discloseable transaction under Hong Kong’s Listing Rules, signifies Concord’s strategic shift and potential reallocation of resources within the renewable energy market, which could impact its operational focus and market positioning.
More about Concord New Energy Group
Concord New Energy Group Limited operates within the renewable energy sector, focusing on the development, investment, and operation of wind and solar power projects. The company is dedicated to expanding its portfolio in sustainable energy solutions.
YTD Price Performance: -6.25%
Average Trading Volume: 17,500
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $504.6M
For a thorough assessment of 0182 stock, go to TipRanks’ Stock Analysis page.
