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An announcement from Dongwu Cement International Ltd. ( (HK:0695) ) is now available.
Dongwu Cement International Ltd. announced the disposal of a significant portion of its shares by its controlling shareholder, Goldview Development Limited. The transactions involve selling shares to Port & Shipping Group (HK) Investment Co., Limited and Suzhou Fenyuan Capital Management Co., Limited, amounting to 37% of the issued shares. This move is expected to lead to a change in the company’s board composition, with new directors being appointed by Port & Shipping HK, reflecting a potential shift in strategic direction and governance.
The most recent analyst rating on (HK:0695) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Dongwu Cement International Ltd. stock, see the HK:0695 Stock Forecast page.
More about Dongwu Cement International Ltd.
Dongwu Cement International Ltd. operates in the construction materials industry, primarily focusing on the production and distribution of cement and related products. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 1,654,431
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.31B
For detailed information about 0695 stock, go to TipRanks’ Stock Analysis page.