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China Risun Group Ltd. ( (HK:1907) ) has issued an update.
China Risun Group Limited has announced the termination of a proposed transaction involving the disposal of equity interests in Cangzhou Risun Chemicals Limited in exchange for shares from Tianjin Binhai Energy & Development Co., Ltd. The termination, agreed upon by all parties involved, is not expected to adversely affect Risun Group’s business operations or financial standing. The company remains open to future strategic collaborations with Binhai Energy, indicating ongoing efforts to strengthen its industry 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 Limited is a company incorporated in the Cayman Islands, operating primarily in the coal chemicals industry. It is involved in various strategic partnerships and transactions to enhance its market position.
Average Trading Volume: 8,355,826
Technical Sentiment Signal: Hold
Current Market Cap: HK$11.14B
Learn more about 1907 stock on TipRanks’ Stock Analysis page.