Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Shengli Oil & Gas Pipe Holdings Ltd. ( (HK:1080) ) just unveiled an update.
Shengli Oil & Gas Pipe Holdings Ltd. has announced the commencement of a public tender process for the potential disposal of its 98% equity interest in a target company. The tender will be conducted through the Southern United Assets and Equity Exchange, with a minimum bidding price set at RMB29.50 million. The financial impact of this disposal will depend on the final bidding price, and if successful, it may result in a gain on disposal and a decrease in fair value of equity investment. This transaction could be significant for the company, potentially constituting a discloseable transaction under the Listing Rules.
More about Shengli Oil & Gas Pipe Holdings Ltd.
Shengli Oil & Gas Pipe Holdings Ltd. operates in the oil and gas industry, focusing primarily on the production and sale of oil and gas pipes. The company is involved in the manufacturing and distribution of these essential products, serving various stakeholders within the energy sector.
YTD Price Performance: 174.19%
Average Trading Volume: 12,824,317
Technical Sentiment Signal: Buy
Current Market Cap: HK$329.3M
For detailed information about 1080 stock, go to TipRanks’ Stock Analysis page.