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China High Speed Transmission Equipment Group Co ( (HK:0658) ) just unveiled an announcement.
China High Speed Transmission Equipment Group Co., Ltd. has issued a voluntary announcement addressing accusations from Fullshare Holdings Limited. The company refutes Fullshare’s claims as false and misleading, emphasizing that these allegations aim to distract from Fullshare’s own alleged wrongdoings. The company is pursuing legal action to recover financial losses attributed to a fraudulent scheme orchestrated by Fullshare and its affiliates. Additionally, the company reaffirms its control over NHS and highlights its strategic board positioning to maintain effective governance.
The most recent analyst rating on (HK:0658) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China High Speed Transmission Equipment Group Co stock, see the HK:0658 Stock Forecast page.
More about China High Speed Transmission Equipment Group Co
China High Speed Transmission Equipment Group Co., Ltd. operates in the transmission equipment industry, focusing on high-speed transmission products. The company is involved in the production and distribution of transmission equipment, serving various sectors that require high-speed transmission solutions.
YTD Price Performance: 108.33%
Average Trading Volume: 1,631,233
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.86B
Find detailed analytics on 0658 stock on TipRanks’ Stock Analysis page.