2 stories mentioning HKG:1156Updated 27d ago
Every FINWIRES story that references HKG:1156, newest first.
China New Energy's (HKG:1156) Chief Executive Officer Tang Zhaoxing resigned, effective Monday, due to adjustments to his personal and corporate work arrangements, according to a same-day filing with the Hong Kong bourse.Shares of the energy firm were up nearly 3% in Tuesday morning trade.
China New Energy (HKG:1156) plans to raise about HK$19.6 million in net proceeds through a share placement, according to a Thursday Hong Kong bourse filing.The company agreed to place up to 118 million new shares at HK$0.173 each to no fewer than six independent investors on a best-efforts basis.The placing shares represent about 20% of the company's existing issued share capital and nearly 16.7% of its enlarged share capital.Net proceeds will be used to replenish the company's general working capital.
