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The latest announcement is out from China Suntien Green Energy Corporation Limited Class H ( (HK:0956) ).
China Suntien Green Energy Corporation Limited has completed the subscription of new H shares, issuing 307 million shares to Hebei International Investments Limited at a price of HK$4.93 per share. The transaction, which raised approximately HK$1,500 million in net proceeds, will primarily fund wind power and gas-fired power plant projects, with 80% allocated for construction and 20% for working capital and other purposes. This share subscription alters the company’s shareholding structure, increasing the total issued shares and enhancing the stake held by Hebei International Investments Limited.
The most recent analyst rating on (HK:0956) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Suntien Green Energy Corporation Limited Class H stock, see the HK:0956 Stock Forecast page.
More about China Suntien Green Energy Corporation Limited Class H
China Suntien Green Energy Corporation Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates in the renewable energy sector, focusing on the development and management of wind power projects and gas-fired power plants.
Average Trading Volume: 6,790,105
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.96B
For a thorough assessment of 0956 stock, go to TipRanks’ Stock Analysis page.