HKG:1372

3 stories mentioning HKG:1372Updated 25d ago

Every FINWIRES story that references HKG:1372, newest first.

China Carbon Neutral in Talks to Buy Majority Stake in IT Firm

China Carbon Neutral Development (HKG:1372) signed a letter of intent to acquire a controlling stake in Shanghai Mingxiao Information Technology Development, according to a Monday filing with the Hong Kong bourse.The company intends to acquire more than 51% of Shanghai Mingxiao through the issuance of new shares or convertible bonds.The final valuation and consideration will be determined after due diligence.Shanghai Mingxiao develops artificial intelligence, industrial internet of things and digital infrastructure technologies for the rail transit sector, the filing said.The parties agreed to a three-month exclusivity period to complete due diligence and negotiate a definitive agreement.

HKG:1372

Asia59d ago

China Carbon Neutral Development's Shareholder Boosts Stake

China Carbon Neutral Development Group's (HKG:1372) substantial shareholder Sha Tao acquired an additional 109,000 ordinary shares in the company, according to a Tuesday Hong Kong bourse filing.The shares, representing around 0.01% of the company's issued share capital, were purchased from the open market at HK$0.90 apiece.Following the acquisition, Sha holds a little over 162.4 million, or 16.56%, shares in the civil engineering company.

HKG:1372

Asia107d ago

China Carbon Neutral's Substantial Shareholder Boosts Holding

China Carbon Neutral Development's (HKG:1372) substantial shareholder, Sha Tao, acquired an additional 550,000 ordinary shares in the firm, according to a Wednesday filing with the Hong Kong bourse.The shares were purchased from the open market for around HK$0.975 apiece and represent roughly 0.08% of the company's issued share capital.Sha now holds nearly 162.2 million shares, or 24.02% in the carbon-credit trading company.

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