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Pu’er Lancang Ancient Tea Co., Ltd. ( (HK:6911) ) has issued an update.
Pu’er Lancang Ancient Tea Co., Ltd. has announced a supplemental update regarding an inventory shortfall of a subsidiary, detailing the progress of a product exchange agreement. The company has exchanged mid-to-high-end products that have seen a decline in price and sales for products that meet quality standards and can be used as raw materials for new consumer products. This strategic move is expected to enhance the company’s product offerings and market value, aligning with its business strategy amidst a challenging market environment.
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 mid-to-high-end tea products. The company is based in China and is involved in the exchange and assessment of tea products through partnerships with provincial quality assessment organizations.
Average Trading Volume: 85,288
Technical Sentiment Signal: Sell
Current Market Cap: HK$92.93M
Find detailed analytics on 6911 stock on TipRanks’ Stock Analysis page.