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China Risun Group Ltd. ( (HK:1907) ) has issued an announcement.
China Risun Group Ltd. announced the disposal of its 100% equity interest in a subsidiary to Xuyang New Energy for RMB54,686,200. This transaction, classified as a connected transaction due to the involvement of the company’s controlling shareholder, does not require independent shareholders’ approval. The sale aligns with the company’s strategic adjustments, impacting its financial consolidation and potentially altering its market positioning.
The most recent analyst rating on (HK:1907) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on China Risun Group Ltd. stock, see the HK:1907 Stock Forecast page.
More about China Risun Group Ltd.
China Risun Group Ltd. operates in the energy sector, focusing on the production and distribution of chemicals and energy products. The company is involved in various segments, including coal chemicals, coking, and refined chemicals, catering to both domestic and international markets.
Average Trading Volume: 8,390,825
Technical Sentiment Signal: Sell
Current Market Cap: HK$10.73B
Find detailed analytics on 1907 stock on TipRanks’ Stock Analysis page.