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An announcement from China Qinfa Group Ltd. ( (HK:0866) ) is now available.
China Qinfa Group Ltd. announced that its subsidiary, SDE, has entered into a Coal Supply Agreement with Zhejiang Energy Asia Pacific for the sale of 70,000 MT of Indonesian steam coal. This agreement, classified as a connected transaction under Hong Kong’s listing rules, reflects the company’s strategic partnerships and adherence to fair commercial terms, potentially enhancing its market position and shareholder value.
The most recent analyst rating on (HK:0866) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China Qinfa Group Ltd. stock, see the HK:0866 Stock Forecast page.
More about China Qinfa Group Ltd.
China Qinfa Group Ltd. is a company incorporated in the Cayman Islands, operating primarily in the coal industry. The company engages in the supply and trading of coal, with a focus on providing coal products to various markets.
Average Trading Volume: 9,117,259
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.47B
See more data about 0866 stock on TipRanks’ Stock Analysis page.