Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Shanshui Cement Group ( (HK:0691) ) has shared an update.
China Shanshui Cement Group Limited announced a legal update regarding its ongoing proceedings with Tianrui Group Company Limited. The High Court of Hong Kong dismissed Tianrui Group’s application to strike out Shanshui’s counterclaim and allowed the consolidation of two related legal actions. This decision enables Shanshui to strengthen its defense and counterclaim strategy against Tianrui’s loan repayment claims, potentially impacting the company’s legal standing and financial obligations.
The most recent analyst rating on (HK:0691) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Shanshui Cement Group stock, see the HK:0691 Stock Forecast page.
More about China Shanshui Cement Group
China Shanshui Cement Group Limited operates in the construction materials industry, primarily focusing on the production and sale of cement and related products. The company is a significant player in the Chinese market, catering to the needs of infrastructure and real estate development sectors.
Average Trading Volume: 389,464
Technical Sentiment Signal: Hold
Current Market Cap: HK$4.18B
See more data about 0691 stock on TipRanks’ Stock Analysis page.