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An update from Huaibei GreenGold Industry Investment Co., Ltd. Class H ( (HK:2450) ) is now available.
Huaibei GreenGold Industry Investment Co., Ltd. announced the completion of a reorganisation at the controlling shareholder level, under which shares previously held directly and indirectly by Huaibei Construction Investment Group have been transferred to the controlling shareholder, Xinghuai Mining, at nil consideration. The change in industrial and commercial registration with the relevant market regulator has been finalised, consolidating ownership in Xinghuai Mining and potentially clarifying the company’s shareholder structure, while the company cautioned shareholders and potential investors to exercise care when dealing in its securities amid the new control arrangement.
The most recent analyst rating on (HK:2450) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Huaibei GreenGold Industry Investment Co., Ltd. Class H stock, see the HK:2450 Stock Forecast page.
More about Huaibei GreenGold Industry Investment Co., Ltd. Class H
Huaibei GreenGold Industry Investment Co., Ltd. is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong under stock code 2450. Its controlling shareholder is Xinghuai Mining, reflecting the company’s strategic positioning within the broader mining, construction investment and industrial development ecosystem in Anhui, China.
Average Trading Volume: 299,016
Technical Sentiment Signal: Buy
Current Market Cap: HK$224.4M
For a thorough assessment of 2450 stock, go to TipRanks’ Stock Analysis page.