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Able Engineering Holdings Ltd. ( (HK:1627) ) has shared an announcement.
Able Engineering Holdings has issued a voluntary announcement in response to a Hong Kong government press release concerning construction malpractices at three Light Public Housing sites involving one of its subsidiaries. The company acknowledges the contents of the government release, notes that the incidents may involve criminal acts by individuals, and states that it had proactively reported the cases to the police prior to the announcement; it pledges full cooperation with investigations by all relevant authorities and advises shareholders and potential investors to exercise caution when dealing in its securities.
The most recent analyst rating on (HK:1627) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Able Engineering Holdings Ltd. stock, see the HK:1627 Stock Forecast page.
More about Able Engineering Holdings Ltd.
Able Engineering Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong (Stock Code: 1627), operates through subsidiaries in the engineering and construction sector. The group is involved in public works projects in Hong Kong, including government-commissioned housing and infrastructure developments.
Average Trading Volume: 410,730
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.36B
For an in-depth examination of 1627 stock, go to TipRanks’ Overview page.