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Huaxin Cement Co., Ltd. Class H ( (HK:6655) ) has provided an update.
Huaxin Cement Co., Ltd. has announced plans to restructure its overseas assets into a new subsidiary, which will be listed on an overseas stock exchange. This move aims to broaden financing channels, integrate resources, and enhance operational capabilities, thereby strengthening the company’s global influence in the cement industry. The proposed spin-off and listing will not affect Huaxin Cement’s control over the relevant assets, and the new subsidiary is expected to remain a controlled entity within the company’s consolidated financial statements. While the plan is still in preliminary stages and subject to uncertainties, it is seen as a strategic step towards achieving Huaxin Cement’s long-term goal of becoming a leading multinational corporation in the building materials industry.
The most recent analyst rating on (HK:6655) stock is a Buy with a HK$15.00 price target. To see the full list of analyst forecasts on Huaxin Cement Co., Ltd. Class H stock, see the HK:6655 Stock Forecast page.
More about Huaxin Cement Co., Ltd. Class H
Huaxin Cement Co., Ltd. is a joint stock limited company incorporated in China, primarily engaged in the cement manufacturing and sales industry. The company also offers cement technical services, commercial concrete and aggregates production and sales, and environmental protection services related to cement kiln co-disposal of waste.
Average Trading Volume: 22,286,547
Technical Sentiment Signal: Buy
Current Market Cap: HK$32.39B
For an in-depth examination of 6655 stock, go to TipRanks’ Overview page.