Shares & Derivatives
AAG Energy Recent Updates
By Investing Thoughts  •  December 14, 2022
AAG Energy Rallied 14.60% on 12 December before falling -1.27% on 13 December. Nevertheless, it is still a more than 10% rally from the friday closing price. What brewed over the weekends? This is in-line with the recent developments of its parent company 60339. 603393 approving an investment decision to invest up to 3 billion RMB into their Hong Kong Subsidiary (Not AAG Energy). The board also approved that out of this 3 billion, up to 2 billion can be from loan. Considering that the net asset value of 603393 is only 12 billion RMB, this is a huge move from the company. The money moved into the subsidiary is also the same company that launched a 50.5% equity ownership offer in 2018 for AAG Energy. Therefore, this has triggered people to think that a take-over is close. In 2018, when similar announcement is made, the initial amount as 2.2 billion and subsequently re-raised to 2.6 billion...
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By Investing Thoughts
Age 25, currently doing part-time. Studied in NTU as a Banking and Finance student. Also known as zzxiaoboizz Enjoys doing equity research and investing. Currently vested in Hong Kong and Singapore listed Equities Would pen some of his thoughts here. Also enjoys watching concerts.
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