Xinte Energy Unit Applies to Issue Over 1 Billion Yuan in Asset-Backed Securities; Shares Down 6%
MT Newswires Live
Oct 17, 2025
Xinte Energy (HKG:1799) said its subsidiary TBEA Xinjiang Sunoasis plans to issue the first phase of an asset-backed securities (ABS) scheme using two of its new energy power projects as underlying assets, according to a Thursday Hong Kong bourse filing.
Shares of the firm were down nearly 6% in Friday's mid-day trade.
The issuance, part of a 3 billion yuan ABS shelf program registered by parent TBEA, is expected to raise up to 1.5 billion yuan from qualified investors.
Sunoasis intends to sell part of its stakes in Rongsheng Power and Xinyuan Energy to the ABS manager, with the final amount to be based on valuations and shareholder loans, the filing said.
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