Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Qingdao Port International Co Ltd Class H ( (HK:6198) ) has provided an announcement.
Qingdao Port International Co., Ltd. announced the termination of its proposed acquisition of equity interests in Rizhao Port Oil Terminal Co., Ltd. and Rizhao Shihua Crude Oil Terminal Co., Ltd. The decision was made following the inclusion of Rizhao Shihua in the U.S. Specially Designated Nationals List, which posed potential risks to the company’s interests. The termination will not result in any default liabilities or negatively impact the company’s financial condition or operations.
The most recent analyst rating on (HK:6198) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on Qingdao Port International Co Ltd Class H stock, see the HK:6198 Stock Forecast page.
More about Qingdao Port International Co Ltd Class H
Qingdao Port International Co., Ltd. is a joint stock company based in the People’s Republic of China, focusing on port operations and related services. It is listed on the Hong Kong Stock Exchange under the stock code 06198.
Average Trading Volume: 2,932,861
Technical Sentiment Signal: Buy
Current Market Cap: HK$59.45B
See more data about 6198 stock on TipRanks’ Stock Analysis page.