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Feishang Anthracite Resources ( (HK:1738) ) has shared an announcement.
Feishang Anthracite Resources Limited has been named as a defendant in legal proceedings initiated by Guizhou Province Development Investment Company Limited in the Intermediate People’s Court of Guiyang City, China. The dispute centers around a coal sales contract involving a prepayment of CNY200,000,000, with Feishang Group Limited pledging 600,000,000 ordinary shares as security. The company is currently seeking legal advice on the matter and advises shareholders and potential investors to exercise caution.
The most recent analyst rating on (HK:1738) stock is a Hold with a HK$0.14 price target. To see the full list of analyst forecasts on Feishang Anthracite Resources stock, see the HK:1738 Stock Forecast page.
More about Feishang Anthracite Resources
Feishang Anthracite Resources Limited is a company incorporated in the British Virgin Islands, primarily engaged in the coal industry. The company, along with its subsidiaries, focuses on the production and sale of anthracite coal, with operations primarily based in China.
YTD Price Performance: 25.00%
Average Trading Volume: 4,117,226
Technical Sentiment Signal: Sell
Current Market Cap: HK$186.4M
See more insights into 1738 stock on TipRanks’ Stock Analysis page.