Xinte Energy (01799) fell by nearly 4%. As of press release, it was down 3.74% to HK$9.27, with a turnover of HK$148.474 million.
The Zhitong Finance App learned that Xinte Energy (01799) fell by nearly 4%. As of press release, it fell 3.74% to HK$9.27, with a turnover of HK$148.474 million.
According to the news, on April 10, the price of silicon material continued to decline. The price of N-type rod-shaped silicon fell 3.30% month-on-month, while the price of P-type dense material fell by as much as 18.83%, and the price of N-type granular silicon fell 5.54% month-on-month. The Silicon Industry Branch pointed out that at present, the silicon industry is already facing full losses. Facing ultra-low prices from downstream, the performance of silicon companies is very resistant, and the differences between upstream and downstream prices are gradually increasing.
In addition, 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 the 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, 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.