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The latest update is out from Precious Dragon Technology Holdings Ltd. ( (HK:1861) ).
Precious Dragon Technology Holdings Limited has issued a supplemental announcement to its earlier disclosure of a construction agreement for a new production plant in Guangzhou, providing additional details on the ownership of the appointed contractor. The company confirmed that the contractor is ultimately owned by three individuals, with Wen Yan Bin holding 60%, Xian Rui Ming 32% and Deng Zhong Cheng 8%, and affirmed that both the contractor and its beneficial owners are independent third parties with no connections to the company or its connected persons under Hong Kong listing rules, leaving all other terms of the original transaction unchanged.
The most recent analyst rating on (HK:1861) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Precious Dragon Technology Holdings Ltd. stock, see the HK:1861 Stock Forecast page.
More about Precious Dragon Technology Holdings Ltd.
Precious Dragon Technology Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating through its subsidiaries in the manufacturing sector, with production facilities including a plant in Guangzhou that supports its industrial output and regional operations.
Average Trading Volume: 34,294
Technical Sentiment Signal: Buy
Current Market Cap: HK$500.6M
For detailed information about 1861 stock, go to TipRanks’ Stock Analysis page.