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China Longyuan Power Group ( (HK:0916) ) has issued an update.
China Longyuan Power Group has announced a proposed issuance of A Shares to specific targets in 2025 under a general mandate. The issuance aims to raise up to RMB5 billion and will involve issuing shares at a price not lower than 80% of the average trading price of the company’s A Shares in the 20 trading days preceding the pricing benchmark date. This strategic move is expected to enhance the company’s capital base, supporting its growth and expansion in the renewable energy sector.
The most recent analyst rating on (HK:0916) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on China Longyuan Power Group stock, see the HK:0916 Stock Forecast page.
More about China Longyuan Power Group
China Longyuan Power Group is a leading company in the renewable energy industry, primarily focusing on the development, construction, and operation of wind power projects. The company is a significant player in the Chinese market, contributing to the country’s efforts in expanding sustainable energy sources.
Average Trading Volume: 31,474,298
Technical Sentiment Signal: Buy
Current Market Cap: HK$120.5B
For detailed information about 0916 stock, go to TipRanks’ Stock Analysis page.