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Crown International Corporation Limited ( (HK:0727) ) has provided an announcement.
Crown International Corporation Limited announced the acquisition of 100% equity interests in a target company, emphasizing its strategic shift to the premium white spirit market. The company has developed over 100 sales points in China since 2023 and employs an asset-based approach for valuation due to its asset-intensive operations. This acquisition and market expansion are expected to strengthen its position in the premium white spirit industry.
The most recent analyst rating on (HK:0727) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Crown International Corporation Limited stock, see the HK:0727 Stock Forecast page.
More about Crown International Corporation Limited
Crown International Corporation Limited, incorporated in Hong Kong, has shifted its focus from property development to the premium white spirit industry. This strategic move was driven by the anticipated prolonged downturn in China’s property market. The company has partnered with Sichuan Jinpendi Group Company Limited to rebrand and distribute the ‘Yi Pin Jiang Shan’ brand, securing sole distribution rights for a decade.
Average Trading Volume: 325,062
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$378.4M
For detailed information about 0727 stock, go to TipRanks’ Stock Analysis page.