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The latest announcement is out from Xinyang Maojian Group ( (HK:0362) ).
China Zenith Chemical Group Limited has announced the termination of a potential disposal of a 90% equity interest in its subsidiary, Heihe Longjiang Chemical Limited. This decision is influenced by stabilizing calcium carbide prices and policy support from the PRC government, ensuring the subsidiary’s access to loans for working capital. The board believes this move will not adversely affect the company’s current business or financial standing.
More about Xinyang Maojian Group
China Zenith Chemical Group Limited is a company operating in the chemical industry, primarily focusing on the production and sale of chemical products such as calcium carbide. The company is strategically positioned in the market, leveraging support from the PRC government and banks for operational stability.
YTD Price Performance: -12.50%
Average Trading Volume: 13,909,032
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$94.61M
Learn more about 0362 stock on TipRanks’ Stock Analysis page.