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The latest update is out from Kingland Group Holdings Limited ( (HK:1751) ).
Kingland Group Holdings Limited has acquired 100% of Guangdong Fengxin Water Conservancy and Hydropower Engineering Co., Ltd., a PRC-based engineering company holding Grade III general contracting qualifications for construction and power engineering and a Grade II professional contracting qualification for building decoration, which is seeking to upgrade some of its certificates to Grade II. Following completion of the share transfer and industrial and commercial registration procedures, Guangdong Fengxin has become a wholly owned subsidiary whose results will be consolidated, supporting Kingland’s strategy to expand its engineering footprint and competitiveness in China and enhance its sustainable profitability and value creation for shareholders, while the transaction remains small enough not to trigger notifiable or connected transaction requirements under Hong Kong listing rules.
The most recent analyst rating on (HK:1751) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Kingland Group Holdings Limited stock, see the HK:1751 Stock Forecast page.
More about Kingland Group Holdings Limited
Kingland Group Holdings Limited is a Hong Kong-listed company that operates an engineering operations segment in mainland China, focusing on construction and power engineering projects. Through its subsidiaries, the Group undertakes a range of engineering works in the PRC market, leveraging licensed qualifications to compete in infrastructure-related and building decoration projects.
Average Trading Volume: 3,881,321
Technical Sentiment Signal: Buy
Current Market Cap: HK$595.1M
For a thorough assessment of 1751 stock, go to TipRanks’ Stock Analysis page.