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China Risun Group Ltd. ( (HK:1907) ) has provided an update.
China Risun Group Limited has announced a non-legally binding cooperation intention agreement with several partners, including Shenzhen Venture Capital and Agricultural Bank Assets, to dispose of their equity interests in Cangzhou Risun Chemicals Limited to Binhai Energy. This potential transaction aims to integrate Risun’s chemical nylon new materials business with Binhai Energy’s new energy materials business, leveraging research and development strengths to enhance the new materials industrial chain. If completed, the transaction could lead to a change in the controlling shareholder of Binhai Energy, positioning Risun Group as a significant player in the new materials industry.
More about China Risun Group Ltd.
China Risun Group Limited is a company incorporated in the Cayman Islands, operating primarily in the chemical industry. The company focuses on the production and development of chemical nylon new materials, aiming to become a leading player in the new materials sector.
YTD Price Performance: -11.76%
Average Trading Volume: 2,266
Technical Sentiment Signal: Buy
Current Market Cap: €1.28B
Find detailed analytics on 1907 stock on TipRanks’ Stock Analysis page.