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China Ruifeng Renewable Energy Holdings Ltd. ( (HK:0527) ) just unveiled an update.
China Ruifeng Renewable Energy Holdings Ltd. has announced a significant development in its clean energy initiatives with a new project in Laos. The company, through its subsidiary C Dimension Digitech Limited, has entered into a term sheet with an independent supplier for a clean stove carbon credit project. This project aims to deploy 340,000 improved stoves in rural Laos, benefiting 170,000 households and reducing emissions by 2.7 million tons of CO2e over ten years. The initiative aligns with the United Nations Sustainable Development Goals and is expected to generate carbon credits for sale in international markets, highlighting the company’s strategic focus on sustainable energy solutions and its potential impact on reducing global emissions.
The most recent analyst rating on (HK:0527) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Ruifeng Renewable Energy Holdings Ltd. stock, see the HK:0527 Stock Forecast page.
More about China Ruifeng Renewable Energy Holdings Ltd.
China Ruifeng Renewable Energy Holdings Ltd. operates in the renewable energy sector, focusing on projects that contribute to sustainable development and carbon reduction. The company is involved in initiatives that align with global environmental goals, particularly in the areas of clean energy and carbon credit generation.
Average Trading Volume: 6,883,861
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.29B
For a thorough assessment of 0527 stock, go to TipRanks’ Stock Analysis page.