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HSBC Research lowers the target price of Towngas (00003.HK) to 6 HKD, and adjusts the target price of tg smart energy (01083.HK) to 3.7 HKD.
HSBC Research published a report stating that the growth of tg smart energy (01083.HK) in wind power business drove its strong profit performance, reiterating its 'buy' rating with the target price lowered from 3.8 yuan to 3.7 yuan. In addition, the bank maintained an optimistic and conservative view on hk & china gas (00003.HK) because the uncertainty remains as to whether its free cash flow can turn positive, which would limit its dividend growth potential. Therefore, the bank continues to hold a 'hold' rating on gas, with the target price lowered from 6.1 yuan to 6 yuan. HSBC Research is bullish on the gas restructuring business plan and believes it can enhance the group's operational efficiency.
Express News | State Power Nari-Ends Acquisition of Xiamen Gangne Investment Shares
Dr. Li Jiajie was awarded the "Grand Bauhinia Medal" by the Hong Kong Special Administrative Region Government.
On November 25, Glonghui reported that Dr. Li Jiajie, chairman of hk & china gas company limited and tg smart energy limited, was awarded the Grand Bauhinia Medal (GBM) by the Hong Kong Special Administrative Region Government. Dr. Li expressed heartfelt gratitude for the recognition and encouragement from the SAR Government, the strong support from family and colleagues, as well as the recognition and trust from the public. Dr. Li will continue to work towards uniting all sectors of society, gathering efforts, and making new contributions to promote the prosperous development of the country and the Hong Kong Special Administrative Region.
Express News | Guoneng Rixin: The holding subsidiary has completed the equity acquisition and registration change.
tg smart energy (01083.HK) has entered into a transfer agreement with Gas (00003.HK) and its subsidiaries.
TG Smart Energy (01083.HK) announced that it has entered into a transfer agreement with its controlling shareholder, HK & China Gas (00003.HK), and its subsidiary Ming Qi Jia. According to the agreement, China Gas and Ming Qi Jia will facilitate Ming Qi Jia and its affiliated companies to hold the extended business of China Gas and own the assets of China Gas in China to make Ming Qi Jia the holding company of the extended business of China Gas. Ming Qi Jia Chengdu will acquire 49% of the shares of the company holding the extended business owned by HK & China Gas Smart Energy for 22.432 million yuan, allowing these companies to be wholly owned by Ming Qi Jia Chengdu. TG Smart Energy will undergo restructuring.
tg smart energy (01083) plans to sell extended businesses to its controlling shareholder's subsidiary in order to focus on developing the main energy business.
tg smart energy (01083) announced that on 25 October 2024, the company signed a strategic cooperation agreement with its controlling shareholder, Zhonghua Gas (0...
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