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Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. ( (HK:1938) ) has issued an update.
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd. has announced an extraordinary general meeting to discuss and potentially approve a reduction in the company’s share premium account by approximately RMB767,097,000. This move aims to offset the accumulated losses as of December 31, 2024, which could improve the company’s financial standing and offer a clearer picture of its fiscal health to stakeholders.
More about Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd. operates in the petroleum and natural gas industry, focusing on the production and supply of steel pipes. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 1,064,215
Technical Sentiment Signal: Buy
Current Market Cap: HK$379.2M
For detailed information about 1938 stock, go to TipRanks’ Stock Analysis page.