Claim 70% Off TipRanks Premium
- 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
Dongjiang Environmental Company ( (HK:0895) ) has issued an update.
Dongjiang Environmental Company Limited plans to participate in a public tender to inject up to RMB12 million into Embodiment Intelligence, a move that would give it up to a 4% equity stake in the technology-focused entity. The capital injection, based on a valuation of Embodiment Intelligence’s shareholders’ equity at approximately RMB42 million and conducted on arm’s length terms, is part of a broader RMB138 million fundraising that will significantly dilute the stakes of existing shareholders and bring in at least five investors, potentially positioning Dongjiang to deepen its strategic exposure to digital or intelligent technologies relevant to its environmental operations and expand its network of state-linked partners.
The most recent analyst rating on (HK:0895) stock is a Sell with a HK$2.00 price target. To see the full list of analyst forecasts on Dongjiang Environmental Company stock, see the HK:0895 Stock Forecast page.
More about Dongjiang Environmental Company
Dongjiang Environmental Company Limited is a PRC-incorporated environmental services provider listed in Hong Kong, operating in the environmental protection sector with a focus on waste treatment and related environmental solutions.
YTD Price Performance: 22.70%
Average Trading Volume: 4,800,361
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.15B
Learn more about 0895 stock on TipRanks’ Stock Analysis page.