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China National Building Material Co ( (HK:3323) ) has issued an announcement.
China National Building Material Co announced a capital contribution of RMB500 million to CNBM Aviation, a move involving its subsidiaries Sinoma Science & Technology and CNBM United Investment. This transaction, categorized as a connected transaction under listing rules, will increase CNBM Aviation’s registered capital from RMB1,050 million to RMB1,550 million, with shareholdings remaining unchanged. The capital contribution aims to strengthen CNBM Aviation’s financial position and reflects the company’s strategic focus on expanding its aviation-related investments.
The most recent analyst rating on (HK:3323) stock is a Buy with a HK$4.80 price target. To see the full list of analyst forecasts on China National Building Material Co stock, see the HK:3323 Stock Forecast page.
More about China National Building Material Co
China National Building Material Co is a prominent company in the construction materials industry, focusing on products such as cement, lightweight building materials, glass fiber, and composite materials. The company is known for its significant market presence in China and its strategic investments in various subsidiaries to enhance its industry positioning.
Average Trading Volume: 25,763,985
Current Market Cap: HK$37.97B
See more insights into 3323 stock on TipRanks’ Stock Analysis page.