HK Stock Market Move | Xinte Energy (01799) rose more than 5% in the afternoon, and the silicon material integration and acquisition platform has been established. It is reported that the production capacity plan will not exceed 1.5 million tons.

XINTE ENERGY (01799) rose more than 5% in the afternoon, rising 3.81% as of press time to HK$7.36, with a turnover of HK$87.892 million. On the news front, on December 9th, there was news that a long-planned platform for the integration and acquisition of polysilicon production capacity has officially been established, with the company named Beijing Guangheqiancheng Technology Co., Ltd. According to Securities Times, sources familiar with the matter said that in the future, the planned polysilicon production capacity of the related companies will not exceed 1.5 million tons. In addition, Guangheqiancheng currently has a registered capital of 3 billion yuan, with major shareholders including Tongwei, GCL-Poly, Oriental Hope, Xinjiang Daqo New Energy, XINTE ENERGY, among others. The source also revealed that Guangheqiancheng will undergo capital increase in the future, with changes in shareholding among shareholders, and the company's equity shares will be freely transferrable within shareholders.