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The latest announcement is out from Precious Dragon Technology Holdings Ltd. ( (HK:1861) ).
Precious Dragon Technology Holdings has entered into a RMB34.8 million construction agreement via its subsidiary Euro Asia Aerosol for the construction and renovation of a production plant in Guangzhou, engaging an independent contractor to build new facilities for household, plastic and aerosol product manufacturing and to upgrade safety features. Classified as a discloseable transaction under Hong Kong listing rules, the investment signals an expansion and modernization of the company’s production infrastructure, which may enhance operational capacity, safety standards and competitiveness within its core product markets.
The most recent analyst rating on (HK:1861) stock is a Buy with a HK$2.00 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, through its wholly owned subsidiary Euro Asia Aerosol, operates in the manufacturing sector with a focus on household, plastic and aerosol products. The group runs production facilities that support these product lines and targets markets requiring large-scale, safety-compliant manufacturing capacity.
Average Trading Volume: 27,733
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$458.5M
For an in-depth examination of 1861 stock, go to TipRanks’ Overview page.