Xinte Energy Expands with Strategic Equity Acquisition

Xinte Energy Co., Ltd. Class H (HK:1799) has released an update.

Xinte Energy Co., Ltd. has announced its acquisition of a 49% equity interest in a target company previously fully owned by Xinjiang Tianchi, at a cost of RMB1.5 billion. This strategic move, classified as both a connected and discloseable transaction, will be recognized using the equity method in Xinte Energy’s financial statements. The transaction reflects a significant expansion for Xinte Energy, enhancing its investment portfolio while adhering to Hong Kong’s listing regulations.

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