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An update from China Weaving Materials Holdings Ltd. ( (HK:3778) ) is now available.
China Weaving Materials Holdings Ltd. has announced a discloseable transaction involving the purchase of 12 Murata Vortex Spinning Machines for approximately USD 4.74 million. This acquisition aims to upgrade the company’s production facilities with advanced spindle-less spinning technology, which promises higher speed, better yarn quality, and reduced costs, thereby improving production efficiency and energy savings.
The most recent analyst rating on (HK:3778) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Weaving Materials Holdings Ltd. stock, see the HK:3778 Stock Forecast page.
More about China Weaving Materials Holdings Ltd.
China Weaving Materials Holdings Ltd. is a company involved in the textile industry, focusing on the production of yarns and fabrics. The company is enhancing its production capabilities by adopting advanced technologies to improve efficiency and reduce energy consumption.
Average Trading Volume: 271,918
Technical Sentiment Signal: Sell
Current Market Cap: HK$407M
Find detailed analytics on 3778 stock on TipRanks’ Stock Analysis page.