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China Qinfa Group Ltd. ( (HK:0866) ) just unveiled an announcement.
China Qinfa Group Ltd. has completed the acquisition of 100% equity interest in PT Widyanusa Mandiri, making it an indirectly wholly-owned subsidiary. This acquisition increases Qinfa’s effective equity interest in SDE to 70%, and the financial results of the newly acquired group will be consolidated into Qinfa’s financial statements, potentially enhancing its market position and operational scale.
More about China Qinfa Group Ltd.
China Qinfa Group Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the coal industry. The company focuses on coal mining, trading, and logistics, and operates with a significant market presence in Asia.
YTD Price Performance: -16.67%
Average Trading Volume: 5,802,569
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.39B
For a thorough assessment of 0866 stock, go to TipRanks’ Stock Analysis page.