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Guan Chao Holdings Limited ( (HK:1872) ) just unveiled an update.
Guan Chao Holdings Limited announced the fulfillment of conditions for releasing the second tranche of financial assistance, amounting to RMB7 million, to its joint venture. This development aligns with the company’s expectations for its project focused on lithium niobate thin films, indicating positive progress in their strategic initiatives.
The most recent analyst rating on (HK:1872) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Guan Chao Holdings Limited stock, see the HK:1872 Stock Forecast page.
More about Guan Chao Holdings Limited
Guan Chao Holdings Limited is involved in the production and sales of lithium niobate thin films, focusing on innovative technologies within this sector.
Average Trading Volume: 2,624,945
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.59B
For an in-depth examination of 1872 stock, go to TipRanks’ Overview page.