REPT BATTERO Restructures Stake in Connected Target Through RMB50 Million Deal
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REPT BATTERO Energy Co., Ltd. has announced a restructuring deal involving the acquisition of a 10.8696% stake in a target company for RMB50 million. This includes RMB10 million for the entire equity interest and RMB40 million for new registered capital. Following this transaction, the target will be deconsolidated from REPT BATTERO's financial statements. The deal is classified as a connected transaction under Hong Kong listing rules, exempting it from independent shareholder approval. The current analyst rating for REPT BATTERO stock is a Hold with a price target of HK$11.50.
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