tiprankstipranks
Trending News
More News >

CALB Co., Ltd. Forms Joint Venture to Boost Market Presence

Story Highlights
CALB Co., Ltd. Forms Joint Venture to Boost Market Presence

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1