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The latest update is out from Shandong Molong Petroleum Machinery ( (HK:0568) ).
Shandong Molong Petroleum Machinery has called an extraordinary general meeting for 2:00 p.m. on 23 January 2026 in Shouguang, Shandong, to seek shareholder approval for a proposed debt settlement and debt restructuring plan. The meeting arrangements include a share register closure from 20 to 23 January 2026 to determine eligibility to attend and vote, proxy voting procedures for shareholders unable to attend in person, and separate announcements for A-share holders, signalling that the company is formally moving ahead with measures to address its debt obligations and potentially reshape its capital structure.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
More about Shandong Molong Petroleum Machinery
Shandong Molong Petroleum Machinery Company Limited is a Sino-foreign joint venture incorporated in the People’s Republic of China and listed in Hong Kong. The company operates in the petroleum equipment and machinery sector, providing products and services to the oil and gas industry, with its registered office in Shouguang City, Shandong Province.
Average Trading Volume: 41,530,551
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.73B
Find detailed analytics on 0568 stock on TipRanks’ Stock Analysis page.