Concord New Energy Group expects its ordinary shares to be listed and to commence trading on the SGX-ST on Jan 6, according to a bourse filing on Jan 5.
The renewable energy business listed on the Hong Kong Stock Exchange (HKEX), announced that it was seeking a secondary listing on the Singapore Exchange (SGX) on Dec 31, 2025.
The company, which was founded in 1997, acquired a renewable energy business in 2007 and later rebranded to its present name in 2015. It shifted its headquarters to Singapore in 2023, and operates two business segments, namely power generation and “others”.
Under its core power generation business, the group 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 our 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.
Concord New Energy Group says that the proposed secondary listing is still subject to, among others, the fulfilment of conditions as set out on the ETL and prevailing market conditions.
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Shares in Concord New Energy closed 2 HK cents higher or 6.25% up at 34 HK cents on Jan 5.
