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Perennial Energy Holdings Ltd. ( (HK:2798) ) just unveiled an update.
Perennial Energy Holdings Ltd. announced that it will not proceed with a previously proposed consolidation plan involving three coal mines due to various strategic and regulatory considerations. However, the company remains committed to coal resource integration and has submitted a new proposal for consolidating two coal mines, which could significantly increase production capacity and strengthen its position in the regional coal industry, pending regulatory approval.
The most recent analyst rating on (HK:2798) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Perennial Energy Holdings Ltd. stock, see the HK:2798 Stock Forecast page.
More about Perennial Energy Holdings Ltd.
Perennial Energy Holdings Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the coal mining industry. The company focuses on coal resource integration and operates through its subsidiaries, with a market focus on regional coal industry consolidation.
Average Trading Volume: 1,173,439
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.47B
See more data about 2798 stock on TipRanks’ Stock Analysis page.