tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

CIMC Enric Renews Key Agreements to Strengthen Industry Position

Story Highlights
CIMC Enric Renews Key Agreements to Strengthen Industry Position

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

CIMC Enric Holdings ( (HK:3899) ) has issued an update.

CIMC Enric Holdings Limited has announced the renewal of its Financial Services Framework Agreement, Master Sales Agreement, and Master Procurement Agreement, all set to expire on December 31, 2025. These agreements involve continuing connected transactions with CIMC and CIMC Finance Company, which are subject to various levels of exemption and compliance under the Hong Kong Listing Rules. The agreements are crucial for the company’s operations, as they facilitate financial assistance and procurement processes, impacting its industry positioning and stakeholder relations.

The most recent analyst rating on (HK:3899) stock is a Buy with a HK$9.19 price target. To see the full list of analyst forecasts on CIMC Enric Holdings stock, see the HK:3899 Stock Forecast page.

More about CIMC Enric Holdings

CIMC Enric Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the manufacturing and sale of energy, chemical, and liquid food equipment. It operates under the stock code 3899 and is a significant player in its industry, with a market focus on providing integrated solutions for the storage, transportation, and processing of energy, chemicals, and liquid foods.

Average Trading Volume: 3,065,523

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$14.24B

For detailed information about 3899 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1