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China Risun Group Ltd. ( (HK:1907) ) just unveiled an announcement.
China Risun Group Ltd. has announced a significant transaction involving the disposal of equity interests in a target company to Binhai Energy in exchange for consideration shares. This transaction, which includes both a substantial disposal and acquisition, will result in Binhai Energy becoming a subsidiary of Risun Group, thereby consolidating their financial statements. The transaction is subject to various regulatory approvals under the Hong Kong Stock Exchange’s Listing Rules, and further announcements will be made as details are finalized.
More about China Risun Group Ltd.
China Risun Group Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the coal chemicals industry. The company focuses on the production and distribution of coal-based chemical products and related services.
YTD Price Performance: -10.14%
Average Trading Volume: 9,336,090
Technical Sentiment Signal: Sell
Current Market Cap: HK$11.05B
For detailed information about 1907 stock, go to TipRanks’ Stock Analysis page.