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Kasen International Holdings Ltd. ( (HK:0496) ) has shared an announcement.
Kasen International Holdings Ltd. announced a discloseable transaction involving a contract with Anhui Fuhuang Steel Structure Co., Ltd. for the purchase and manufacture of steel structures worth RMB43,536,600. This transaction, which exceeds 5% but is less than 25% of the applicable percentage ratios under the Listing Rules, requires reporting and announcement due to its significance. The contract outlines specific terms for the purchase of steel structures for a turbine hall, boiler operating platform, and vehicle storage warehouse, with structured payment terms.
The most recent analyst rating on (HK:0496) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kasen International Holdings Ltd. stock, see the HK:0496 Stock Forecast page.
More about Kasen International Holdings Ltd.
Kasen International Holdings Ltd. is a company incorporated in the Cayman Islands, focusing on various industrial sectors. It operates through its wholly-owned subsidiaries, engaging in transactions involving manufacturing and purchasing agreements, particularly in the steel structures sector.
Average Trading Volume: 109,954
Technical Sentiment Signal: Buy
Current Market Cap: HK$798.9M
For a thorough assessment of 0496 stock, go to TipRanks’ Stock Analysis page.