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China Anchu Energy Storage Group Ltd ( (HK:2399) ) has issued an update.
China Anchu Energy Storage Group Ltd announced a potential acquisition of a majority shareholding in Reliance Asia Group Limited. This acquisition includes assets such as a piece of land near Tangshan Seaport Economic Development Zone in Hebei, China. The agreement is currently non-legally binding, and the acquisition may or may not proceed. This move could potentially enhance the company’s strategic positioning in the energy sector, though 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 Ltd is a company incorporated in the Cayman Islands, focusing on energy storage solutions. It operates in the energy sector, providing products and services related to energy storage, with a market focus on expanding its assets and capabilities in strategic locations.
Average Trading Volume: 4,246,812
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.1B
For a thorough assessment of 2399 stock, go to TipRanks’ Stock Analysis page.