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China Aviation Oil (Singapore) ( (SG:G92) ) has issued an announcement.
China Aviation Oil (Singapore) Corporation Ltd announced that its controlling shareholder, China National Aviation Fuel Group Limited, will proceed with a corporate restructuring together with China Petrochemical Corporation, following deliberation and approval from Chinese state authorities. The restructuring, which remains subject to further regulatory approvals and filings, is not expected to have any material impact on the company’s normal business operations, and CNAF currently continues to hold a 51.31% stake. The company said it will monitor developments, update the market as required, and cautioned investors about uncertainties and risks associated with the restructuring process.
The most recent analyst rating on (SG:G92) stock is a Buy with a S$1.75 price target. To see the full list of analyst forecasts on China Aviation Oil (Singapore) stock, see the SG:G92 Stock Forecast page.
More about China Aviation Oil (Singapore)
China Aviation Oil (Singapore) Corporation Ltd is a Singapore-listed company involved in the aviation fuel sector, operating through subsidiaries to support the supply and trading of aviation fuel products. Its controlling shareholder, China National Aviation Fuel Group Limited (CNAF), holds a majority stake of 51.31% of the company’s issued shares, excluding treasury shares.
Average Trading Volume: 1,192,185
Technical Sentiment Signal: Buy
Current Market Cap: S$1.42B
See more data about G92 stock on TipRanks’ Stock Analysis page.