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An update from Xinte Energy Co., Ltd. Class H ( (HK:1799) ) is now available.
Xinte Energy Co., Ltd. announced its subsidiary Sunoasis’s plan to optimize capital structure and enhance asset turnover by applying for the issuance of the first phase of an ABS Scheme. This involves using two new energy power generation projects as underlying assets and potentially disposing of equity interests in subsidiaries Rongsheng Power and Xinyuan Energy. The proposed transaction, which may constitute a discloseable transaction under the Listing Rules, is subject to market conditions and regulatory approvals, with an expected issuance scale not exceeding RMB1.5 billion.
The most recent analyst rating on (HK:1799) stock is a Hold with a HK$8.50 price target. To see the full list of analyst forecasts on Xinte Energy Co., Ltd. Class H stock, see the HK:1799 Stock Forecast page.
More about Xinte Energy Co., Ltd. Class H
Xinte Energy Co., Ltd. is a joint stock company based in the People’s Republic of China, primarily engaged in the new energy sector. The company focuses on energy infrastructure, including new energy power generation projects, and is listed on the Main Board of the Stock Exchange.
Average Trading Volume: 4,534,598
Technical Sentiment Signal: Hold
Current Market Cap: HK$12B
See more data about 1799 stock on TipRanks’ Stock Analysis page.