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CMIC Ocean En-Tech Holding Co ( (HK:0206) ) has shared an update.
Independent shareholders of CM Energy Tech Co., Ltd. have approved the company’s Master Supply and Purchase Agreement and the Master Vessels Chartering and Management Services Agreement, including their respective annual caps through 2028, at an extraordinary general meeting held on 30 December 2025. All relevant ordinary resolutions were passed by poll with 100% of valid votes cast in favour, after the major shareholder Prime Force Investment Corporation, deemed to have a material interest, abstained from voting, thereby clearing the way for the continuation of connected transactions that underpin the company’s supply, product sales and vessel chartering operations and providing clearer visibility on its commercial framework for the coming three financial years.
The most recent analyst rating on (HK:0206) stock is a Hold with a HK$0.27 price target. To see the full list of analyst forecasts on CMIC Ocean En-Tech Holding Co stock, see the HK:0206 Stock Forecast page.
More about CMIC Ocean En-Tech Holding Co
CM Energy Tech Co., Ltd. is a Hong Kong-listed company (Stock Code: 206) incorporated in the Cayman Islands, operating in the energy technology and services sector. It is linked to CM Industry through Prime Force Investment Corporation, which holds a significant minority stake, positioning the group within a broader industrial and energy-focused corporate structure.
Average Trading Volume: 1,202,044
Technical Sentiment Signal: Buy
Current Market Cap: HK$837.8M
Learn more about 0206 stock on TipRanks’ Stock Analysis page.