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China Starch Wins Unanimous Shareholder Backing for Thermal Plant Construction Contract

Story Highlights
  • China Starch shareholders unanimously approved the Thermal Plant Construction Contract.
  • The board is authorised to fully implement the thermal plant project and related transactions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Starch Wins Unanimous Shareholder Backing for Thermal Plant Construction Contract

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China Starch Holdings Limited ( (HK:3838) ) has provided an announcement.

China Starch Holdings Limited has secured shareholder approval at an extraordinary general meeting for its Thermal Plant Construction Contract, with all independent shareholders voting in favour of the resolutions. The vote, conducted by poll and overseen by Tricor Investor Services Limited as scrutineer, authorises the board to ratify past actions and proceed with executing and implementing all documents and steps necessary for the thermal plant project, reinforcing the company’s mandate to advance this capital investment and its associated operational plans.

The most recent analyst rating on (HK:3838) stock is a Buy with a HK$0.21 price target. To see the full list of analyst forecasts on China Starch Holdings Limited stock, see the HK:3838 Stock Forecast page.

More about China Starch Holdings Limited

China Starch Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands and engaged in the starch-related products sector, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 3838.

Average Trading Volume: 2,386,512

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.08B

For a thorough assessment of 3838 stock, go to TipRanks’ Stock Analysis page.

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