China New Energy expects record FY revenues despite coronavirus impacts
11th Feb 2020 08:39
(Sharecast News) - Engineering and technology firm China New Energy continued to trade well in the second half of 2019, with full-year revenues now expected to be the highest since the group's admission to AIM despite the Wuhan coronavirus outbreak causing some interruptions.
Read moreCNE's Sunbird Energy signs agreement on Zambian project
26th Jul 2016 17:10
(ShareCast News) - China New Energy (CNE) announced that Sunbird Bioenergy Africa and the Zambian Development Agency signed the investment promotional and protection agreement needed in order to start work on its energy project in that country. The AIM-listed company said the agreement was the first
Read moreChina New Energy shares dive after £750,000 subscription
9th Jun 2016 12:32
(ShareCast News) - Shares in China New Energy dived almost a quarter as the AIM-quoted outfit raised £750,000, primarily to accelerate its field work in Africa and meet early project milestones. The hike, via a subscription of 37.5m shares at 2p each, would also place China New Energy favourably for
Read moreChina New Energy says Sunbird close to getting Zambia approvals
20th May 2016 12:47
(ShareCast News) - China New Energy noted the jump in its share price on Friday and said its prospective partner, Sunbird Bioenergy Africa Limited is edging closer to getting the necessary approvals to begin a project in Zambia. The company said Sunbird has been advised by the Zambia Development Age
Read moreChina New Energy inks first deal in North America
29th Dec 2015 12:46
(ShareCast News) - AIM-listed engineering and technology solutions provider China New Energy has inked its first deal in North America and raised £200,000 via a share subscription. The company said it has signed a CAD$3m contract with BioNeutra North America Inc to design, manufacture and install a
Read moreChina New Energy says no progress has been made on Sunbird project
1st Dec 2015 14:14
(ShareCast News) - China New Energy said no further developments have been made on its non-binding memorandum of understanding with Sunbird Bioenergy Africa. Meanwhile, the London-listed said it expected to reach an agreement over the design and construction of a 120m litre cassava to bioethanol pla
Read moreChina New Energy climbs on Zimbabwe bioethanol deal
16th Oct 2015 09:53
(ShareCast News) - Shares in China New Energy Limited (CNE) were sent soaring on Friday by news that it is poised to join a 120m-litre cassava-to-bioethanol plant in Zimbabwe with its regional partner Sunbird Bioenergy. Sunbird, CNE's sub-Sahara-focused biofuel partner, has signed an agreement with
Read moreChina New Energy narrows losses, shifts focus to emerging markets
26th Jun 2015 08:30
Investment company China New Energy narrowed its pre-tax loss last year, as it focused on emerging markets. The AIM-listed firm reduced its loss before tax by about 86% from RMB59.2m to RMB8.45m for the year ended 31 December 2014. China New Energy posted a basic loss per share of 0.242p, red
Read moreChina New Energy acquires stake in bioenthanol project
1st Jun 2015 10:45
Shares in China New Energy (CNE) leapt on Monday after the engineering and technology firm acquired a 24% stake in Visontai's bioenthanol project in Hungary for €0.25m. The firm has exercised its right to subscribe for the stake, which it holds as part of its supplementary contractual arrangements w
Read moreChina New Energy jumps on new biorefinery contract
10th Mar 2014 15:22
The share price of AIM-listed China New Energy (CNE) rose by a tenth on Monday after the bioenergy engineering and technology firm received a contract to build another biorefinery for Ubon Bio Ethanol in Thailand. The new project, expected to start in late 2014 and complete by 2016, will replicate
Read moreChina New Energy rockets on Nigeria biofuel deal
29th Oct 2013 09:06
Shares in AIM biofuel technology specialist China New Energy (CNEL) more than doubled on news of a contract to build up to 10 biofuel plants in Nigeria. The company has signed a memorandum of understanding with biofuel refinery developer Sunbird to supply its technology in the construction of a 'f
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