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CALB Co., Ltd. Class H ( (HK:3931) ) has shared an update.
CALB Co., Ltd. has announced the formation of a joint venture company with Handan Industrial and Handan Urban, with a registered capital of RMB4 billion. The joint venture, in which CALB will hold a 60% stake, aims to enhance the company’s operational capabilities and market presence by consolidating its financial results into CALB’s financial statements, potentially strengthening its position in the energy solutions market.
The most recent analyst rating on (HK:3931) stock is a Buy with a HK$22.00 price target. To see the full list of analyst forecasts on CALB Co., Ltd. Class H stock, see the HK:3931 Stock Forecast page.
More about CALB Co., Ltd. Class H
CALB Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, primarily engaged in the industry of energy solutions. The company focuses on the development and production of lithium batteries and related products, catering to various sectors including electric vehicles and energy storage systems.
Average Trading Volume: 2,416,355
Technical Sentiment Signal: Buy
Current Market Cap: HK$29.21B
Find detailed analytics on 3931 stock on TipRanks’ Stock Analysis page.