Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from JTF International Holdings Ltd. ( (HK:9689) ) is now available.
JTF International Holdings Limited has announced a change in the use of its unutilized net proceeds, initially intended for upgrading the wharf berth capability at Zengcheng Oil Depot. Due to delays caused by the COVID-19 pandemic and uncertainties in government approvals, the company has decided to reallocate these funds towards working capital and general corporate purposes. This strategic decision aims to enhance the company’s financial resource deployment without adversely affecting its current operations.
More about JTF International Holdings Ltd.
JTF International Holdings Limited operates in the oil industry, focusing on oil depot facilities. The company is involved in upgrading and refurbishing oil tanks, pipelines, and other facilities, with a market focus on leased oil depots in Zhuhai.
Average Trading Volume: 1,468,250
Technical Sentiment Signal: Sell
Current Market Cap: HK$255.8M
Learn more about 9689 stock on TipRanks’ Stock Analysis page.