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SPT Energy Group ( (HK:1251) ) has provided an update.
SPT Energy Group Inc. announced that its subsidiary, Sinopetroleum Technology Inc., has entered into a finance lease agreement involving the sale and leaseback of oil and gas drilling equipment. This transaction, valued at RMB19,523,024, is part of a series of finance lease arrangements that are considered discloseable transactions under the Hong Kong Stock Exchange’s listing rules, indicating a strategic move to optimize asset utilization and financial structuring.
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. operates in the oil and gas industry, providing services and equipment for drilling and exploration activities. The company is incorporated in the Cayman Islands and has a market focus on energy technology solutions.
YTD Price Performance: 100%
Average Trading Volume: 5,883,153
Technical Sentiment Signal: Buy
Current Market Cap: HK$488.5M
See more data about 1251 stock on TipRanks’ Stock Analysis page.