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Dalipal Holdings Limited ( (HK:1921) ) has provided an update.
Dalipal Holdings Limited has issued a supplemental announcement to provide additional background on Zumar, the partner involved in its previously disclosed share purchase and capital contribution relating to Dalipal International. Zumar is jointly owned in equal parts by Saudi industrial conglomerate Alkhorayef Group Company and diversified investment holding firm Obeikan Investment Group Company, both long-established, family-owned Saudi joint stock companies with broad sector exposure; the company also clarifies that, to the directors’ knowledge, no individual ultimately holds one-third or more of the share capital of either Alkhorayef or Obeikan. Separately, Dalipal corrected a clerical error in the Chinese version of its earlier announcement, stating that the designed production capacity of the relevant project is 1.1 million tons per year, a clarification that helps investors better gauge the scale of the planned operation while confirming that all other previously disclosed information remains unchanged.
The most recent analyst rating on (HK:1921) stock is a Sell with a HK$6.00 price target. To see the full list of analyst forecasts on Dalipal Holdings Limited stock, see the HK:1921 Stock Forecast page.
More about Dalipal Holdings Limited
Dalipal Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, is engaged in activities related to Dalipal International and operates with a board comprising executive, non-executive and independent non-executive directors, reflecting a typical Hong Kong–listed corporate governance structure. The company is expanding its international footprint through transactions involving overseas partners and projects with sizable designed production capacity, although this announcement focuses primarily on a supplemental clarification to prior disclosures.
Average Trading Volume: 4,328,965
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.64B
See more insights into 1921 stock on TipRanks’ Stock Analysis page.