Xinte Energy (01799) is now down more than 4%. As of press release, it rose 3.75% to HK$9.74, with a turnover of HK$12.2771 million.
The Zhitong Finance App learned that Xinte Energy (01799) has now fallen by more than 4%. As of press release, it has risen 3.75% to HK$9.74, with a turnover of HK$12.2771 million.
According to the news, Xinte Energy announced that in order to ensure the effective and smooth development of the proposed issuance of A-shares, on April 8, 2024, the board of directors reviewed and approved a bill to extend the validity period of the proposed A-share issuance plan and the bill to extend the validity period of the relevant authorization. The extended period of validity is 12 months from the date the Extraordinary Shareholders' Meeting and Class Shareholders' Meeting (if applicable) deliberates and passes the above bill.
According to reports, in January 2021, Xinte Energy announced the return of Case A. Only in 2023 did Xinte Energy's A-share IPO materials be accepted by the exchange. As of March 31, 2024, Xinte Energy's IPO was suspended due to updated financial data, and it has been more than half a year since the meeting. Since the official submission of materials, Xinte Energy's IPO has taken more than a year.