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China Anchu Energy Storage Group Ltd ( (HK:2399) ) has issued an update.
China Anchu Energy Storage Group Limited has announced a potential strategic cooperation with Guo Heng Group Pte. Ltd., which may involve investment in the company through new shares or other securities. This collaboration aims to further invest in energy-related projects, enhancing the company’s capabilities in the energy sector. However, as the agreement is non-legally binding, the cooperation may or may not proceed, and stakeholders are advised to exercise caution.
The most recent analyst rating on (HK:2399) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Anchu Energy Storage Group Ltd stock, see the HK:2399 Stock Forecast page.
More about China Anchu Energy Storage Group Ltd
China Anchu Energy Storage Group Limited operates in the energy storage industry, focusing on the development of new energy power stations and research and development of energy storage technology. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 9,012,677
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.04B
Find detailed analytics on 2399 stock on TipRanks’ Stock Analysis page.