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Trending Stocks Today: SANERGY GROUP Surges 49.42%
Hong Kong stocks fluctuate | Sheng Neng Group (02459) once surged over 40% during the session, and in recent years, the market share of the domestic Graphite Electrodes Industry has been continuously expanding.
During the trading session, Shengneng Group (02459) at one point rose over 40%. As of the time of reporting, it has risen 37.93%, trading at 0.24 Hong Kong dollars, with a transaction amount of 11.0014 million Hong Kong dollars.
Sanergy Group and Huixian Government to Dissolve JV Firm
Sanergy Group Ends Joint Venture Amid Market Shifts
Shengneng Group (02459.HK) has reached an agreement with Huixian Construction to dissolve the joint venture company.
November 19, Gallon announces that Ascension Group (02459.HK) and Huixian government have jointly established a joint venture company in Huixian for the purpose of expanding the group's production capacity in China. Due to the constantly changing market and economic environment, the company and Huixian Construction have reached an agreement to voluntarily terminate the joint venture agreement and dissolve the joint venture company in a friendly manner. Both parties have no right to claim any losses, damages, or expenses incurred by the termination from the other party. The dissolution of the joint venture company is subject to approval from the relevant Chinese government departments before it can be completed and take effect. It is currently expected that the dissolution will be completed in the first quarter of 2025. Director
Express News | Sanergy Group - Termination and Dissolution of Joint Venture With Huixian Government
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