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China Supply Chain Holdings Enters Framework Agreement for Potential Acquisition

Story Highlights
  • China Supply Chain Holdings plans to acquire shares in Huamao International Barter Exchange.
  • The agreement aims to enhance business opportunities in China’s barter exchange market.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Supply Chain Holdings Enters Framework Agreement for Potential Acquisition

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China Supply Chain Holdings Limited ( (HK:3708) ) has provided an announcement.

China Supply Chain Holdings Limited has entered into a framework agreement with Beijing Duhuang Information Technology Research Institute for the potential acquisition of shares in Huamao International Barter Exchange Co., Ltd. This move is expected to open up new business opportunities and strengthen the company’s position in the international barter exchange market in China. The agreement outlines an exclusive negotiation period and aims to leverage the strengths of both parties, although it is non-legally binding at this stage.

The most recent analyst rating on (HK:3708) stock is a Hold with a HK$0.05 price target. To see the full list of analyst forecasts on China Supply Chain Holdings Limited stock, see the HK:3708 Stock Forecast page.

More about China Supply Chain Holdings Limited

China Supply Chain Holdings Limited operates within the supply chain industry, focusing on providing comprehensive supply chain solutions. The company is engaged in enhancing its market presence through strategic acquisitions and partnerships.

Average Trading Volume: 67,067,295

Technical Sentiment Signal: Buy

Current Market Cap: HK$295.4M

Find detailed analytics on 3708 stock on TipRanks’ Stock Analysis page.

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