HKG:2221

2 stories mentioning HKG:2221Updated just now

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New Concepts Unit to Invest 2 Million Yuan for 40% Energy Storage Stake

New Concepts (HKG:2221) said its subsidiary, Tianjin Tianchuang Investment, will invest 2 million yuan in Beijing Shengrui Intelligent Storage Technology, according to an Aug. 14 Hong Kong bourse filing.The investment will give New Concepts a 40% stake in the energy storage company, whose registered capital will rise to 5 million yuan after the injection.The company said the investment will extend its existing businesses in used cooking oil and battery anode materials into energy storage.Shares of the firm were down nearly 4% in Monday's recent trade.

HKG:2221

Asia52d ago

New Concepts Forecasts Narrower Full-Year Loss

New Concepts (HKG:2221) expects an attributable loss of up to HK$60 million for the year ended March 31, narrower than HK$80.7 million a year prior, according to a Thursday Hong Kong bourse filing.Shares of the environmental protection company were down over 1% in Friday afternoon trading.The company attributed the forecast to a higher gross profit mainly from the construction business and a lower impairment loss under the expected credit loss model.

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