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Jutal Offshore Oil Services ( (HK:3303) ) has provided an announcement.
Jutal Offshore Oil Services Limited announced that its wholly-owned subsidiary, Penglai Jutal Offshore Engineering Heavy Industries Company Limited, has applied for removal from the U.S. Department of the Treasury’s Specially Designated Nationals and Blocked Persons List. The subsidiary has ceased construction activities related to projects involving the SDN List and has engaged professional law firms to assist with the application process, indicating a strategic move to mitigate potential operational and financial impacts.
The most recent analyst rating on (HK:3303) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Jutal Offshore Oil Services stock, see the HK:3303 Stock Forecast page.
More about Jutal Offshore Oil Services
Jutal Offshore Oil Services Limited is a company incorporated in the Cayman Islands, operating in the offshore oil services industry. The company, along with its subsidiaries, focuses on providing engineering and construction services for offshore oil projects.
Average Trading Volume: 542,133
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.19B
Learn more about 3303 stock on TipRanks’ Stock Analysis page.