CONCORD NE (00182) Rises Over 3% After Receiving Eligibility-to-List Letter from SGX for Proposed Secondary Listing

Stock News2025-12-29

CONCORD NE (00182) saw its shares climb more than 3%. As of the time of writing, the stock was up 3.23%, trading at HK$0.32, with a turnover of HK$4.6859 million. The company announced that it had received an Eligibility-to-List letter from the Singapore Exchange (SGX) on December 23, 2025, concerning its proposed secondary listing. The letter is not an indication of the value of the proposed secondary listing, the group, and/or the company's shares. The proposed secondary listing will not involve the issuance of new shares or any other fundraising activities. The company's issued ordinary shares will continue to be primarily listed and traded on the Hong Kong Stock Exchange thereafter. Previously, the International Cooperation Department of the China Securities Regulatory Commission issued a filing notice for CONCORD NE's overseas listing. According to the notice, the company plans to list on the Singapore Exchange by way of introduction, marking a phased achievement in its international capital operations. Market analysis suggests that Singapore, as a key financial hub in the Asia-Pacific region, holds unique advantages in capital allocation for the green energy sector. This listing may potentially introduce more international long-term capital to the company, supporting the global expansion of its renewable energy business.

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