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An announcement from SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ) is now available.
SINOPEC Engineering (Group) Co., Ltd. has received a filing notice from the China Securities Regulatory Commission confirming completion of the regulatory filing for its H share full circulation plan, under which 219,980,000 domestic shares held by CNPC will be converted into the same number of H shares. The filing, which is valid for 12 months, paves the way for the company to seek listing and trading approval for these H shares on the Main Board of the Hong Kong Stock Exchange, potentially increasing its offshore share liquidity and broadening its international investor base, although the detailed implementation plan and remaining regulatory procedures have yet to be finalized and announced.
The most recent analyst rating on (HK:2386) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on SINOPEC Engineering (Group) Co., Ltd. Class H stock, see the HK:2386 Stock Forecast page.
More about SINOPEC Engineering (Group) Co., Ltd. Class H
SINOPEC Engineering (Group) Co., Ltd. is a Hong Kong-listed engineering company incorporated in the PRC, primarily engaged in providing engineering, procurement and construction (EPC) and related technical services to the energy and petrochemical sectors. Its market focus is on large-scale industrial and infrastructure projects within China and internationally, serving major state-owned enterprises and other clients in the oil, gas and chemical industries.
Average Trading Volume: 4,864,945
Technical Sentiment Signal: Buy
Current Market Cap: HK$30.45B
See more data about 2386 stock on TipRanks’ Stock Analysis page.