Aide New Energy (02623) surged 223% in early trading, showing a high view of 1affyncryptogame21 Hong Kong dollars, the stock price is now up 197.06% to HK$0.991.01, with a turnover of HK$5.70472 million.
Aide New Energy announced that the seller, Shandong Xingsheng Mining Co., Ltd.(an indirect wholly-owned subsidiary of the company), and the buyer, Shandong Dane Mining Technology Co., Ltd., entered into an asset transfer agreement. The seller has conditionally agreed to sell and the buyer has conditionally agreed to the acquisition bid.affyncryptogameAt a consideration of RMB 314 million. The net proceeds are approximately RMB 289 million yuan and are intended to be used to invest in the Zhuge Shangyu Titanium Mine owned by Shandong Xingsheng, a major strategy of the Group, to increase the mining and production line construction scale of the Zhuge Shangyu Mine, and to use titanium iron production. Return shareholders with better economic benefits.
