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The latest update is out from Shandong Molong Petroleum Machinery ( (HK:0568) ).
Shareholders of Shandong Molong Petroleum Machinery Company Limited have approved an ordinary resolution to implement a debt settlement and debt restructuring plan at an extraordinary general meeting (EGM) held on 23 January 2026 in Shouguang City, Shandong Province. The resolution passed with an overwhelming majority across both A shares and H shares, with approximately 30.23% of the company’s issued share capital represented at the meeting, signalling strong shareholder support for the restructuring effort. The EGM was conducted in compliance with PRC company law and the company’s articles of association, with all directors in attendance and an independent external auditor appointed as scrutineer, underscoring governance standards as the company moves to address its debt position.
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, engaged in the petroleum machinery sector, serving the oil and gas industry through the manufacture and supply of related equipment.
Average Trading Volume: 37,031,047
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$5.64B
See more data about 0568 stock on TipRanks’ Stock Analysis page.