China Suntien Completes H Share Subscription to Fund Energy Projects
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China Suntien Green Energy Corporation Limited has completed a subscription of 307 million new H shares to Hebei International Investments Limited at HK$4.93 per share, raising approximately HK$1,500 million. The funds will primarily support wind power and gas-fired power plant projects, with 80% for construction and 20% for working capital. This transaction alters the company's shareholding structure and increases the stake of Hebei International Investments. The latest analyst rating for the stock is a Hold with a price target of HK$4.50.
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