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The latest update is out from Shanghai REFIRE Group Ltd. Class H ( (HK:2570) ).
Shanghai REFIRE Group Ltd. has received approval from the Hong Kong Stock Exchange for the listing of 16,369,877 H Shares, converted from Domestic Shares held by 20 shareholders. This conversion represents approximately 19% of the company’s total issued shares, indicating a significant step in enhancing the company’s market presence and liquidity. The approval marks a strategic move for the company, potentially impacting its operations and positioning within the hydrogen energy industry.
The most recent analyst rating on (HK:2570) stock is a Hold with a HK$160.00 price target. To see the full list of analyst forecasts on Shanghai REFIRE Group Ltd. Class H stock, see the HK:2570 Stock Forecast page.
More about Shanghai REFIRE Group Ltd. Class H
Shanghai REFIRE Group Ltd. is a company based in the People’s Republic of China, primarily engaged in the industry of hydrogen energy and fuel cell technology. The company focuses on the development and production of hydrogen fuel cell systems, contributing to the clean energy sector.
Average Trading Volume: 57,193
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$13.32B
For detailed information about 2570 stock, go to TipRanks’ Stock Analysis page.