Chairman Guo Jinsheng invested over ten million in early September to increase his holdings in ENVISION GREEN (01783).
09/09/2024
GMT Eight
According to the latest disclosure from the Hong Kong Stock Exchange, the chairman of the board, Guo Jinsheng, has continuously increased his holdings of ENVISION GREEN (01783) shares from August 29th to September 4th, with a total investment of 10.5791 million Hong Kong dollars, increasing his stake to 50.78% after the increase.
ENVISION GREEN is a leading player in the local green energy infrastructure sector in Hong Kong. Since the beginning of this year, it has accelerated the global layout of the power battery recycling service system and expanded its reverse logistics business. It has also preliminarily implemented several major strategic cooperations: in February, it partnered with the global leading power battery manufacturer Gotion High-tech to jointly develop the overseas battery recycling industry;
In May, it signed a memorandum of understanding with Supportive Electronic Services Slovakia s.r.o, Supportive Elektronik Servis, Supportive Recycling GmbH, and Supportive Recycling Poland z o.o., planning to develop retired power battery disposal, reverse logistics business, and energy storage business in Slovakia, Turkey, Germany, and Poland, while forming a joint research force to integrate local data and develop new technologies in the reverse supply chain and energy storage field;
In June, its project "Hong Kong's first power battery processing facility" officially started construction in the EcoPark with the goal of becoming a benchmark project in the power battery recycling industry chain in the Greater Bay Area of China;
In July, it signed a memorandum of understanding with the North American reverse logistics company, The Fortune Group, planning to conduct business cooperation in twenty locations in North America, including the United States and Mexico, establishing processing plants, expanding battery recycling networks, etc. In August, it collaborated with partners such as Brussels Electro (BREL) and Dealextreme SL to expand battery disposal and reverse supply chain business in 26 European and Southeast Asian regions including Germany, France, Hungary, Belgium, Sweden, and Singapore.
As of now, the ENVISION GREEN group has established over 52 power battery recycling points globally, including in Europe, America, and Southeast Asia, with most of them operating for over 20 years. Through cooperation with industry chain partners and leveraging its own technological advantages, it is accelerating the global layout of the power battery recycling industry chain.
Recently, MSCI announced the index adjustments for August, with ENVISION GREEN being included in the Global Small Cap Index, effective after the close of August 30th. Being included in the index is expected to bring more capital inflows to ENVISION GREEN.