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Dongjiang Environmental Company ( (HK:0895) ) just unveiled an update.
Dongjiang Environmental Company Limited has agreed to inject RMB8 million in cash into Guangdong Embodiment Intelligence Technology Co., Ltd., a subsidiary of its substantial shareholder Guangdong Rising Holdings Group, in a move that links the environmental services group more closely with an intelligent technology business. As the deal constitutes a connected transaction under Hong Kong’s Listing Rules, it is subject to reporting and announcement requirements but is exempt from the need for an independent shareholders’ circular and approval, reflecting its relatively small scale while still signalling ongoing capital deployment and strategic collaboration within the Guangdong Rising corporate ecosystem.
The most recent analyst rating on (HK:0895) stock is a Hold 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 company listed in Hong Kong, operating in the environmental protection sector with a focus on waste treatment and related environmental solutions.
Average Trading Volume: 1,893,188
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.15B
Learn more about 0895 stock on TipRanks’ Stock Analysis page.