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China Oriental Group Co ( (HK:0581) ) has issued an announcement.
China Oriental Group Company Limited announced a strategic acquisition of shares in Jiangsu Shentong Valve Co., Ltd., aiming to strengthen its commercial relationship and facilitate deeper cooperation. This acquisition is expected to provide financial benefits through potential appreciation in share value and dividends, while also supporting the company’s strategic initiatives and technological development.
The most recent analyst rating on (HK:0581) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Oriental Group Co stock, see the HK:0581 Stock Forecast page.
More about China Oriental Group Co
China Oriental Group Company Limited operates in the steel manufacturing industry, focusing on producing steel products and related services. The company is involved in the acquisition of shares in Jiangsu Shentong Valve Co., Ltd., which supplies metallurgical valves and provides equipment maintenance services, enhancing the company’s production processes.
Average Trading Volume: 5,474,409
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.17B
For a thorough assessment of 0581 stock, go to TipRanks’ Stock Analysis page.