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An update from Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. ( (HK:1938) ) is now available.
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. has announced a proposed share premium reduction to offset its accumulated losses, amounting to approximately RMB 767,097,000. This financial maneuver aims to improve the company’s financial position and provide a clearer picture of its business operations to shareholders and investors. The reduction does not affect the company’s share capital or trading arrangements and is contingent upon shareholder approval and compliance with legal requirements.
More about Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. operates in the petroleum and natural gas industry, focusing on the production of steel pipes. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 954,252
Technical Sentiment Signal: Buy
Current Market Cap: HK$353.9M
For an in-depth examination of 1938 stock, go to TipRanks’ Overview page.