Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
China Molybdenum Co ( (HK:3993) ) has issued an announcement.
CMOC Group Limited has announced its investment in a private equity fund named Boyu Xinzhi Xinchan (Ningbo) Equity Investment Limited Partnership. The fund, managed by Boyu Tianshu, focuses on high-growth sectors such as technology, healthcare, and consumer products. CMOC’s subsidiary, Xizang Shmok, will contribute RMB500 million as a limited partner. This investment is considered a connected transaction due to the involvement of CATL, a connected person to CMOC, and it complies with the reporting requirements under Chapter 14A of the Listing Rules. The fund aims to raise RMB8-10 billion and will operate as a closed-ended fund with an initial term of 12 years.
The most recent analyst rating on (HK:3993) stock is a Buy with a HK$20.00 price target. To see the full list of analyst forecasts on China Molybdenum Co stock, see the HK:3993 Stock Forecast page.
More about China Molybdenum Co
China Molybdenum Co, also known as CMOC Group Limited, is a company incorporated in the People’s Republic of China, focusing on mining and processing of minerals. The company is involved in the production of molybdenum, tungsten, and other metals, and it operates with a significant market presence in the mining industry.
Average Trading Volume: 51,377,794
Technical Sentiment Signal: Buy
Current Market Cap: HK$400.5B
See more data about 3993 stock on TipRanks’ Stock Analysis page.