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Hang Pin Living Technology Expands Investment in PetroChina

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Hang Pin Living Technology Expands Investment in PetroChina

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Hang Pin Living Technology Company Limited ( (HK:1682) ) has shared an announcement.

Hang Pin Living Technology Company Limited has announced a further acquisition of 1,000,000 PetroChina shares for approximately HK$6,285,000. This acquisition, made through an indirect wholly-owned subsidiary, is classified as a discloseable transaction under Hong Kong’s listing rules due to its size relative to the company’s previous acquisitions. PetroChina, a major player in the oil and natural gas industry, is listed on both the Hong Kong and Shanghai Stock Exchanges. The acquisition signifies Hang Pin’s strategic investment in the energy sector, potentially impacting its market positioning and offering new opportunities for stakeholders.

More about Hang Pin Living Technology Company Limited

Hang Pin Living Technology Company Limited is an investment holding company incorporated in Bermuda. The group is primarily involved in the garment sourcing business and the provision of financial services.

Average Trading Volume: 149,634

Technical Sentiment Signal: Sell

Current Market Cap: HK$114M

Learn more about 1682 stock on TipRanks’ Stock Analysis page.

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