Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Jinhui Holdings Co. Ltd. ( (HK:0137) ) just unveiled an update.
Jinhui Holdings Company Limited has announced that a planned major transaction involving the disposal of a vessel by its indirect subsidiary, Jinbi Marine Inc., for US$14.4 million has been cancelled after a clause related to timely delivery under the sale agreement could not be fulfilled. The initial deposit of US$1.44 million placed with an escrow agent will be refunded to the purchaser, and the board stated that the termination of the deal is not expected to have any material adverse effect on the group’s financial position or operations, suggesting limited immediate impact on stakeholders and the company’s overall shipping portfolio strategy.
The most recent analyst rating on (HK:0137) stock is a Buy with a HK$0.79 price target. To see the full list of analyst forecasts on Jinhui Holdings Co. Ltd. stock, see the HK:0137 Stock Forecast page.
More about Jinhui Holdings Co. Ltd.
Jinhui Holdings Company Limited is a Hong Kong–incorporated investment holding company whose subsidiaries are principally engaged in international ship chartering and ship owning, positioning the group within the global dry bulk shipping and maritime transport sector.
Average Trading Volume: 74,071
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$350M
For a thorough assessment of 0137 stock, go to TipRanks’ Stock Analysis page.