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OM Holdings Ltd. ( (AU:OMH) ) has provided an announcement.
OM Holdings Limited has completed the sale of a 60% equity interest in its subsidiary, OM Materials (Qinzhou) Co., Ltd., to Shaanxi Sinian Metal & Mining Co., Ltd. for approximately USD 16.7 million. This strategic move is aimed at strengthening the company’s balance sheet while maintaining a 40% stake in the business, allowing continued involvement in the Chinese ferroalloy market and fostering a new partnership with Shaanxi Sinian Metal.
The most recent analyst rating on (AU:OMH) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on OM Holdings Ltd. stock, see the AU:OMH Stock Forecast page.
More about OM Holdings Ltd.
OM Holdings Limited is a company involved in the ferroalloy industry, focusing on the production and sale of manganese ore and ferroalloys. It operates primarily in the Asian market, with a significant presence in China.
Average Trading Volume: 158,747
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$217.8M
See more insights into OMH stock on TipRanks’ Stock Analysis page.