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The latest announcement is out from Pu’er Lancang Ancient Tea Co., Ltd. ( (HK:6911) ).
Pu’er Lancang Ancient Tea Co., Ltd. has announced that certain bank accounts of the company and its subsidiary, Guangzhou Kangrui Lancang Ancient Tea Co., Ltd., have been frozen due to involvement in a commercial litigation case. This freezing of accounts has disrupted the company’s daily operations and financial transactions. The litigation stems from a business cooperation dispute involving a Hebei-based company and a Guangzhou company, with Guangzhou Kangrui and its associates being named as defendants. The company is actively working with legal representatives to address the situation and ensure the resumption of normal operations.
The most recent analyst rating on (HK:6911) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Pu’er Lancang Ancient Tea Co., Ltd. stock, see the HK:6911 Stock Forecast page.
More about Pu’er Lancang Ancient Tea Co., Ltd.
Pu’er Lancang Ancient Tea Co., Ltd. operates in the tea industry, focusing on the production and distribution of ancient tea products. The company is based in China and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 52,863
Technical Sentiment Signal: Sell
Current Market Cap: HK$95.13M
Learn more about 6911 stock on TipRanks’ Stock Analysis page.