Everbright Greentech Investors Back ABS-Linked Asset Sale Plan

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks China Everbright Greentech Ltd. ( (HK:1257) ) just unveiled an announcement. Shareholders of China Everbright Greentech have overwhelmingly approved an asset sale and purchase agreement between its Shenzhen management unit and AXA SPDB Asset Management, acting on behalf of a second-phase asset-backed securities program. The ordinary resolution passed with 99.99% of votes in favour at an extraordinary general meeting in Hong Kong on 15 May 2026, signalling strong investor support for the company’s plan to securitise underlying assets and potentially optimise its balance sheet. All 2,066,078,000 issued shares were eligible to vote, with no shareholders required to abstain or subject to special voting restrictions under Hong Kong listing rules. The approval authorises any company director to take necessary follow-up actions and execute further documents to implement the transaction, paving the way for Everbright Greentech to proceed with the ABS-related asset transfer in coordination with AXA SPDB AM. More about China Everbright Greentech Ltd. China Everbright Greentech Limited is a Hong Kong–listed environmental protection company focused on green energy and resource recovery projects across mainland China. The group develops, owns, and operates greentech assets, with an emphasis on environmental infrastructure and related investment and management services for institutional and industrial stakeholders. Average Trading Volume: 408,069 Technical Sentiment Signal: Sell Current Market Cap: HK$1.84B