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The latest update is out from Pu’er Lancang Ancient Tea Co., Ltd. ( (HK:6911) ).
Pu’er Lancang Ancient Tea Co., Ltd. has announced a reallocation of RMB8.2 million from its net proceeds to enhance working capital and general corporate purposes. This strategic move involves redirecting funds initially intended for sales channel building, brand marketing, IT infrastructure, and the Shanquan Fermentation Project, aiming to optimize operational efficiency and financial flexibility.
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. is a joint stock company incorporated in China, operating in the tea industry. The company focuses on the production and marketing of ancient tea products, leveraging traditional methods and modern technology to cater to both domestic and international markets.
Average Trading Volume: 43,900
Technical Sentiment Signal: Sell
Current Market Cap: HK$95.44M
For a thorough assessment of 6911 stock, go to TipRanks’ Stock Analysis page.