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Pak Tak International Limited ( (HK:2668) ) has provided an update.
Pak Tak International Limited has signed a non-binding memorandum of understanding to explore acquiring part or all of the equity interest in a Tanzanian company that owns an operating gold processing plant and is engaged in gold exploration and production. The potential transaction, which currently imposes no financial commitment on Pak Tak, would mark a strategic move into the gold resources sector as the group seeks to diversify its business and revenue base, though management cautions that the deal may or may not proceed pending due diligence and the negotiation of a formal agreement within three months.
The most recent analyst rating on (HK:2668) stock is a Sell with a HK$0.36 price target. To see the full list of analyst forecasts on Pak Tak International Limited stock, see the HK:2668 Stock Forecast page.
More about Pak Tak International Limited
Pak Tak International Limited is a Bermuda-incorporated investment holding company listed in Hong Kong, whose subsidiaries operate in supply chain business — including iron ore mining and milling — hotel management and catering services, and property investment, as it seeks to diversify its portfolio and revenue streams for enhanced shareholder value.
Average Trading Volume: 5,272,501
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$2.22B
Find detailed analytics on 2668 stock on TipRanks’ Stock Analysis page.