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Petro-king Oilfield Services Ltd. ( (HK:2178) ) has provided an update.
Petro-king Oilfield Services Limited has issued a supplemental announcement on its previously disclosed purchase of new equipment, clarifying the ownership structure of the vendor involved in the transaction. The vendor is wholly owned by Sany Petroleum Intelligent Equipment Co., Ltd., which is ultimately controlled by Sany Heavy Equipment International Holdings Company Limited, a Hong Kong-listed manufacturer of mining, logistics and smart equipment. Petro-king emphasized that, to the best of its directors’ knowledge after reasonable enquiries, the vendor and its ultimate beneficial owners are independent third parties, indicating the transaction is conducted on an arm’s-length basis and does not involve connected parties, while confirming that all other terms of the original announcement remain unchanged.
The most recent analyst rating on (HK:2178) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on Petro-king Oilfield Services Ltd. stock, see the HK:2178 Stock Forecast page.
More about Petro-king Oilfield Services Ltd.
Petro-king Oilfield Services Limited is an oilfield services company listed in Hong Kong that provides equipment and technical services to the petroleum industry, supporting exploration, drilling and production activities for energy companies in its key markets.
Average Trading Volume: 1,212,545
Technical Sentiment Signal: Hold
Current Market Cap: HK$127.8M
See more data about 2178 stock on TipRanks’ Stock Analysis page.