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Concord New Energy Group ( (HK:0182) ) has shared an announcement.
Concord New Energy Group Limited has announced a discloseable transaction involving the purchase of electrical equipment from CHINT Electric for US$31.66 million. This acquisition is part of a broader strategy to support their Solar and Storage Project, with the equipment expected to be delivered by December 2027. The transaction, which falls under Chapter 14 of the Listing Rules, will be financed through internal resources and borrowings, and is expected to enhance the company’s operational capabilities in the renewable energy sector.
The most recent analyst rating on (HK:0182) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Concord New Energy Group stock, see the HK:0182 Stock Forecast page.
More about Concord New Energy Group
Concord New Energy Group Limited is a company incorporated in Bermuda, focusing on the renewable energy sector. The company is involved in the development, operation, and management of wind and solar power projects, as well as the provision of related services.
Average Trading Volume: 13,445,736
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.1B
Find detailed analytics on 0182 stock on TipRanks’ Stock Analysis page.