Core Viewpoint - Xinyi Energy (03868) is experiencing a decline in stock price following the announcement of a significant equity sale to Tianjin Binhai Construction Investment New Energy, which may impact its market perception and future investment opportunities [1] Group 1: Company Actions - Xinyi Energy's wholly-owned subsidiary, Yaocheng International Co., plans to sell 51% of the registered capital of Xinyi Solar (Tianjin) to Tianjin Binhai Construction Investment New Energy for approximately RMB 514.6 million [1] - The sale is intended to allow Xinyi Energy to realize part of its existing investments for future opportunities while ensuring the continued operation of the photovoltaic power station in the Tianjin Huanggang area [1] Group 2: Financial Implications - The transaction is expected to provide Xinyi Energy with liquidity, enabling it to reinvest in future projects [1] - Xinyi Energy will continue to receive dividends from its remaining 49% stake in Xinyi Solar (Tianjin) and related management fees from the solar power station [1] Group 3: Market Reaction - Following the announcement, Xinyi Energy's stock price fell over 4% initially, stabilizing at a decline of 3.25% at HKD 1.19, with a trading volume of HKD 13.465 million [1]
港股异动 | 信义能源(03868)午前跌超4% 拟约5.146亿元出售信义光能(天津)51%注册资本