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CANVEST ENV (01381.HK): The offeror and AEP have signed a letter of intent.
On April 30, Glonghui announced that CANVEST ENV (01381.HK) has entered into a letter of intent with the offeror, CITIC SEC, and AEP Green Power Limited (AEP) (the sole beneficial owner of 88,374,678 shares, accounting for approximately 3.62% of the total issued share capital of the company as of the date of this joint announcement). According to the letter of intent: (i) AEP has confirmed to the offeror its intention to exercise all voting rights attached to the company's shares, voting in favor of the proposals to be presented at the general meeting and the resolution to remove the listing and amend the exchangeable Bonds.
Highlights from the Brokerage morning meeting: Demand improved in the first quarter, and performance recovery in the Electrical Utilities New energy Fund industry is expected.
In today's Brokerage morning meeting, Sinolink believes that the core logic of incremental policies is becoming clearer; China Securities Co.,Ltd. noted that the current expectations for Fuel Cell Energy vehicles in the Sector are relatively weak, and there might be an upward inflection point in sales during the peak season in May-June; HTSC suggested that the demand is improving in the first quarter, and the performance recovery of Electrical Utilities New energy industry is expected.
Canvest Environmental Protection Sets EGM Date for Go-Private Bid
National Energy Administration: In March, the National Energy Administration issued 0.174 billion green certificates, a year-on-year increase of 9.39 times.
In March 2025, a total of 0.118 billion green certificates were traded nationwide, among which 21.87 million were for China Green Electricity Investment Of Tianjin. From January to March 2025, a total of 0.2 billion green certificates were traded nationwide, with 60.44 million of them for China Green Electricity Investment Of Tianjin.
CANVEST ENV (01381.HK): Received the administrative decision from the Xinyi Housing and Urban-Rural Development Bureau and is now actively pursuing administrative litigation.
On April 11, GELONGHUI reported that CANVEST ENV (01381.HK) announced that on April 7, 2025, the company received an administrative decision from the Housing and Urban-Rural Development Bureau of Xinyi City, Guangdong Province ("the Bureau") regarding the fulfillment of the concession contract for the Xinyi CANVEST ENV Electrical Utilities Co., Ltd. ("Xinyi CANVEST") under the Xinyi Green Energy Environmental Protection Power Generation Project. According to the decision, Xinyi CANVEST is accused of receiving waste incineration fly ash generated outside of Xinyi City without prior consent from the Bureau from 2020 to March 2024 and disposing of such fly ash at the landfill designated in the contract.
Express News | Canvest Environmental Protection - Got Administrative Decision From Xinyi City Housing and Urban Construction Bureau
