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Shandong Molong Petroleum Machinery ( (HK:0568) ) has shared an update.
Shandong Molong Petroleum Machinery Company Limited has issued a supplemental announcement providing additional details on the valuation methodology used for a land parcel, including its buildings, constructions and related machinery, underpinning the consideration for a previously announced debt settlement agreement with a vegetable wholesale company. The company elaborated on the benchmark land price coefficient adjustment approach adopted by an independent valuer, citing local government technical manuals and official land price data, and disclosed key parameters such as the benchmark industrial land price in Shouguang City, the valuation date adjustment coefficient, and the land use right term adjustment coefficient, to justify the appraised value of RMB 361.85 million as of 31 January 2025, thereby offering greater transparency to investors and other stakeholders on how the settlement consideration was determined.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 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 stock company incorporated in the People’s Republic of China and listed in Hong Kong. The company operates in the petroleum machinery sector, focusing on products and services that support oil and gas exploration and production activities.
Average Trading Volume: 37,031,047
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$5.64B
For detailed information about 0568 stock, go to TipRanks’ Stock Analysis page.