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Cherish Sunshine International Limited ( (HK:1094) ) just unveiled an announcement.
Cherish Sunshine International Limited has announced the formation of a joint venture company in Shanghai with Xinhui Yuanheng, focusing on the photovoltaic industry. The joint venture will have a registered capital of RMB120 million, with Cherish Sunshine’s subsidiary Chengguang Zhongcai contributing 37.5% and Xinhui Yuanheng contributing 62.5%. As a minority shareholder, Cherish Sunshine will not consolidate the joint venture’s financial results into its own statements, indicating a strategic move to expand its market presence without impacting its current financial structure.
The most recent analyst rating on (HK:1094) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Cherish Sunshine International Limited stock, see the HK:1094 Stock Forecast page.
More about Cherish Sunshine International Limited
Cherish Sunshine International Limited operates in the renewable energy sector, focusing on the sales and leasing of photovoltaic equipment and components, as well as providing information system integration services. The company is involved in the sales of batteries, intelligent power transmission and distribution equipment, and other electronic components, with a market focus on technology development and consultation.
Average Trading Volume: 849,757
Technical Sentiment Signal: Sell
Current Market Cap: HK$216.3M
For a thorough assessment of 1094 stock, go to TipRanks’ Stock Analysis page.