China New Energy Ltd Appointment of Broker (6746Q)
21 February 2019 - 6:02PM
UK Regulatory
TIDMCNEL
RNS Number : 6746Q
China New Energy Ltd
21 February 2019
21 February 2019
China New Energy Limited
(the "Company" or "CNE")
Appointment of Broker
The Board of CNE (AIM: CNEL), the AIM quoted engineering and
technology solutions provider to the bioenergy sector, announces
the appointment of Cairn Financial Advisers LLP as broker to the
Company with immediate effect.
The Company further notes certain comments in the press in
relation to its potential withdrawal from trading on AIM. As
recently advised, the Company continues to evaluate alternative
listings for its shares with the intention of achieving a greater
market valuation for the Company, providing it with better access
to capital and to provide an active market in the Company's shares.
The Company is committed to remaining on a stock market and
withdrawal from trading on AIM would only occur conditional upon
listing on another stock market that satisfies these
objectives.
The Company remains at an early stage in its considerations and
there can be no certainty that an application will be made or, if
made, that any application for an alternative listing will be
successful. The Company will update shareholders of developments in
due course.
Mr Yu, Chairman, commented, "We appreciate Cairn Financial
Advisers providing a continuity of service until a long-term
solution on AIM or an alternative market has been achieved. We have
noted some of the rumors circulating and I would like to stress
that Company remains committed to AIM unless an alternative market
can demonstrate increased shareholder value, which includes
providing a trading platform for the Company's shares - there is no
intention to cancel trading in the Company's shares on a public
market."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
China New Energy Limited
Ivy Xu xuhj@zkty.com.cn Tel: +86 20 8705
Richard Bennett 9371
rbennett@zkty.com.cn Tel: +44 7966
388374
Cairn Financial Advisers LLP (Nomad
& Broker)
Jo Turner / Sandy Jamieson Tel: +44 20 7213 0880
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
APPUROURKNAUUUR
(END) Dow Jones Newswires
February 21, 2019 02:02 ET (07:02 GMT)
China New Energy (LSE:CNEL)
Historical Stock Chart
From Apr 2024 to May 2024
China New Energy (LSE:CNEL)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about China New Energy Limited (London Stock Exchange): 0 recent articles
More China New News Articles