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An announcement from Concord New Energy Group ( (HK:0182) ) is now available.
Concord New Energy Group Limited announced that its subsidiary has entered into two supply agreements with LONGi for the purchase of solar photovoltaic modules, totaling approximately US$117.95 million. This major transaction, which exceeds 25% of the applicable percentage ratio, requires shareholder approval and will be discussed in a special general meeting. The purchase aims to enhance the company’s solar energy projects with a combined power output capacity of 445MW, potentially strengthening its position 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, operating in the renewable energy industry. Its primary focus is on the development, investment, and operation of wind and solar energy projects, providing sustainable energy solutions.
Average Trading Volume: 13,445,736
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.1B
For a thorough assessment of 0182 stock, go to TipRanks’ Stock Analysis page.