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GCL New Energy Holdings ( (HK:0451) ) just unveiled an update.
GCL New Energy Holdings Limited announced the completion of a transaction involving the disposal of certain subsidiaries, which is expected to result in a net profit of approximately US$427,000. The company plans to use the proceeds to enhance its operation and maintenance services, aligning with its strategy to focus on this sector while retaining ownership of some solar photovoltaic assets in Oregon, USA.
More about GCL New Energy Holdings
GCL New Energy Holdings Limited operates in the solar energy industry, primarily focusing on solar photovoltaic power plants and providing operation and maintenance services. The company has been transitioning to an asset-light model, concentrating on expanding its niche market position in operation and maintenance services, particularly in China.
YTD Price Performance: 5.00%
Average Trading Volume: 3,553
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $86.48M
For a thorough assessment of 0451 stock, go to TipRanks’ Stock Analysis page.
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