Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Dongfang Electric ( (HK:1072) ) just unveiled an update.
Dongfang Electric Corporation Limited announced a supplemental agreement to its Profit Forecast Compensation Agreement with DEC Group regarding the proposed acquisition of assets. The company aims to issue A shares to specific investors to raise funds for acquiring equity interests in various subsidiaries. This move is expected to strengthen Dongfang Electric’s asset base and financial performance, with DEC Group providing performance guarantees. The completion of this transaction is anticipated to enhance the company’s industry positioning and investor confidence.
More about Dongfang Electric
Dongfang Electric Corporation Limited operates in the energy equipment manufacturing industry, focusing on the production of power generation equipment, including turbines, boilers, and electric machinery. The company has a significant market presence in China and is known for its innovative energy solutions.
YTD Price Performance: 8.00%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.02B
See more data about 1072 stock on TipRanks’ Stock Analysis page.
