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Freetech Announces Delay in Circular Dispatch for Nanjing Land Development

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Freetech Announces Delay in Circular Dispatch for Nanjing Land Development

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Freetech Road Recycling Technology (Holdings) Ltd. ( (HK:6888) ) has provided an update.

Freetech Road Recycling Technology (Holdings) Ltd. has announced a delay in the dispatch of a circular related to a very substantial acquisition and construction contract for land development in Nanjing. The circular, initially scheduled for release by January 24, 2025, will now be dispatched by February 28, 2025, due to the need for additional time to finalize certain information. This delay could impact the company’s stakeholders, as the circular contains vital information about the new construction contract and the convening of an Extraordinary General Meeting (EGM).

More about Freetech Road Recycling Technology (Holdings) Ltd.

Freetech Road Recycling Technology (Holdings) Ltd. is a company incorporated in the Cayman Islands, primarily focused on the road recycling technology industry. The company is engaged in providing innovative solutions for road construction and maintenance, and it is listed on the Hong Kong Stock Exchange under the stock code 6888.

YTD Price Performance: 5.56%

Average Trading Volume: 270,844

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$192.9M

See more insights into 6888 stock on TipRanks’ Stock Analysis page.

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