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Huazhang Technology Holding Ltd. ( (HK:1673) ) just unveiled an announcement.
Huazhang Technology Holding Limited has successfully acquired creditor’s rights amounting to RMB54.8 million, including secured land and factory assets, for a consideration of RMB20 million through a public auction. This strategic acquisition, funded internally, positions the company to potentially benefit from the secured assets involved and aligns with its financial strategy, showcasing its focus on investment opportunities that bolster its operational and financial standing.
The most recent analyst rating on (HK:1673) stock is a Sell with a HK$0.21 price target. To see the full list of analyst forecasts on Huazhang Technology Holding Ltd. stock, see the HK:1673 Stock Forecast page.
More about Huazhang Technology Holding Ltd.
Huazhang Technology Holding Limited operates in the industrial technology sector and is involved in providing advanced manufacturing solutions with a focus on efficient production processes and operational improvement for businesses.
Average Trading Volume: 120,800
Technical Sentiment Signal: Sell
Current Market Cap: HK$399M
See more data about 1673 stock on TipRanks’ Stock Analysis page.