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The latest announcement is out from SPT Energy Group ( (HK:1251) ).
SPT Energy Group Inc. announced that its subsidiary, Petrotech (Xinjiang) Engineering Co., Ltd, entered into a finance lease agreement with Zhongguancun Science-Tech. The agreement involves selling oil and gas drilling equipment for RMB14,000,000 and leasing it back for 36 months, with total lease payments amounting to RMB15,578,693. This transaction, along with previous finance lease arrangements, constitutes a discloseable transaction under Hong Kong Stock Exchange rules, indicating a strategic move to manage assets and finances effectively.
The most recent analyst rating on (HK:1251) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on SPT Energy Group stock, see the HK:1251 Stock Forecast page.
More about SPT Energy Group
SPT Energy Group Inc. is a company incorporated in the Cayman Islands, operating in the energy sector with a focus on oil and gas services. It has subsidiaries such as Sinopetroleum Technology Inc. and Petrotech (Xinjiang) Engineering Co., Ltd, which are involved in providing technology and engineering services within the industry.
YTD Price Performance: 57.60%
Average Trading Volume: 1,217,966
Technical Sentiment Signal: Hold
Current Market Cap: HK$385M
For detailed information about 1251 stock, go to TipRanks’ Stock Analysis page.