Xinyi Solar Announces Proposed PRC Listing of Solar Farm Projects

The latest announcement is out from Xinyi Solar Holdings ( (HK:0968) ).

Xinyi Solar Holdings Limited and its subsidiary, Xinyi Energy Holdings Limited, have announced the proposed listing of selected solar farm projects in the PRC through a Solar Farm Infrastructure REIT. This strategic move involves selling selected solar farm assets to the REIT, aiming to enhance their market presence in the PRC. The listing is subject to regulatory approvals in both Hong Kong and the PRC, and it represents a significant transaction under the Hong Kong Listing Rules. The outcome of this listing could impact the company’s operations and its stakeholders, depending on market conditions and regulatory decisions.

The most recent analyst rating on (HK:0968) stock is a Buy with a HK$4.90 price target. To see the full list of analyst forecasts on Xinyi Solar Holdings stock, see the HK:0968 Stock Forecast page.

More about Xinyi Solar Holdings

Xinyi Solar Holdings Limited, incorporated in the Cayman Islands, is a prominent player in the solar energy industry, focusing on the development and operation of solar farms. The company is known for its commitment to expanding solar energy infrastructure and enhancing renewable energy solutions.

Average Trading Volume: 76,764,695

Technical Sentiment Signal: Sell

Current Market Cap: HK$21.15B

See more data about 0968 stock on TipRanks’ Stock Analysis page.