Newly Mainboard-listed Concord New Energy (CNE) Group has risen 16.1% or 0.9 cents to 6.5 cents around one hour after its listing on the Singapore Exchange (SGX) on Jan 6. The counter opened at 5.6 cents.
Headquartered in Singapore, CNE’s listing on the SGX is its second; its primary listing is on the Hong Kong Stock Exchange (HKEX). CNE received its Letter of Eligibility to list on SGX on Dec 23, 2025.
The company’s Hong Kong quoted shares changed hands at 34 HK cents, down 32% in the past year. At this level, the company’s market cap is around HK$2.68 billion, or $440 million.
CNE operates two business segments, namely power generation and “others”. Under its core power generation business, CNE operates and invests in wind and solar plants under the build-own-operate (BOO) or build-transfer (BT) models. The power generation segment generated 91.4% and 95.4% of its total revenue in FY2024 and 6M2025 respectively.
The “others” segment comprises provision of design, technical and consultancy services; engineering, procurement and construction (EPC) of power plants; and finance leasing to the company’s existing customers. CNE says it is “in the process” of winding down the finance leasing sub-segment.
As at June 30, 2025, CNE has equity interests in 91 grid-connected wind and solar power plants, with a total installed capacity of 6.025 GW and attributable installed capacity of around 4.78 GW.
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Liu Shunxing, chairman of CNE Group says the Singapore listing “represents a key step in advancing” the company’s global business strategy and it looks forward to nurturing “long-term, constructive partnerships” with both local and international investors.
“Singapore occupies a uniquely strategic position at the intersection of advanced artificial intelligence, next-generation energy systems, and global capital markets,” says Liu. “We remain firmly committed to contributing more on the global transition from fossil fuels to clean and renewable energy.”
SGX Group’s head of global sales and origination Pol de Win calls Concord New Energy Group’s listing in Singapore underscores the role of global capital markets in scaling renewable infrastructure and supporting sustainable energy transition.
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“As Asia’s most international multi-asset exchange with a strong commitment to transition finance, SGX offers Concord New Energy Group an international platform to expand its reach to a diverse network of global investors, customers and partners as it advances the transition to cleaner energy.”
CGS International acted as sole issue manager for the listing, supporting the company’s entry into the Singapore capital market.
As at around 10.30 am, CNE’s shares were up 16.1% or 0.9 cents to 6.5 cents.
