Datang Environment Industry Group Co., Ltd. Class H ( (HK:1272) ) has shared an announcement.
Datang Environment Industry Group Co., Ltd. has announced the commencement of a public tender process for the potential disposal of its concession assets related to desulfurization and denitrification agreements with Pingluo Power Plant. The disposal will be conducted through the China Beijing Equity Exchange, with a minimum consideration set at RMB167.72 million. The process involves a 20-day publication period for potential transferees to register and inspect the assets, followed by an online bidding process if multiple qualified transferees are identified. This move could impact the company’s operations by potentially divesting state-owned assets, aligning with regulatory requirements, and possibly affecting its market positioning.
More about Datang Environment Industry Group Co., Ltd. Class H
Datang Environment Industry Group Co., Ltd. operates in the environmental industry, focusing on providing solutions for desulfurization and denitrification processes. The company is primarily involved in projects related to environmental protection and energy conservation, with a market focus on state-owned assets in China.
YTD Price Performance: 22.83%
Average Trading Volume: 404,473
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.35B
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