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Sinofert Holdings ( (HK:0297) ) just unveiled an update.
Sinofert Holdings has announced that its direct controlling shareholding, amounting to approximately 52.65% of its issued share capital, has been transferred from Syngenta HK to Sinochem HK for nominal consideration. Despite the change in the immediate controlling shareholder, both Syngenta HK and Sinochem HK are wholly owned by Sinochem Holdings, meaning the company’s ultimate control, strategic direction and overall governance remain unchanged for investors and other stakeholders.
The most recent analyst rating on (HK:0297) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Sinofert Holdings stock, see the HK:0297 Stock Forecast page.
More about Sinofert Holdings
Sinofert Holdings Limited is a Hong Kong-listed company in the agricultural inputs sector, focusing on the distribution and supply of fertilizers and related products to the Chinese market. It operates under the wider umbrella of Sinochem Holdings, a major state-linked conglomerate active in chemicals and agriculture, giving Sinofert strategic access to upstream resources and national agricultural policy initiatives.
Average Trading Volume: 34,337,306
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$10.68B
For detailed information about 0297 stock, go to TipRanks’ Stock Analysis page.