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An announcement from IRC ( (HK:1029) ) is now available.
IRC Limited has completed the disposal of its 46% equity interest in Heilongjiang Jianlong Vanadium Industries Co., Ltd, a joint venture company. The transaction, valued at approximately RMB32.2 million (US$4.5 million), marks IRC’s exit from this joint venture, potentially impacting its strategic positioning and financial portfolio.
The most recent analyst rating on (HK:1029) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on IRC stock, see the HK:1029 Stock Forecast page.
More about IRC
IRC Limited is a company incorporated in Hong Kong with limited liability, operating within the industrial sector. The company and its subsidiaries are involved in various business ventures, with a focus on joint ventures and equity interests.
Average Trading Volume: 362,072
Technical Sentiment Signal: Sell
Current Market Cap: HK$843.4M
For an in-depth examination of 1029 stock, go to TipRanks’ Overview page.