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The latest announcement is out from Sunshine Oilsands ( (HK:2012) ).
Sunshine Oilsands Ltd. announced a further delay in the dispatch of a circular related to the acquisition of a 51% equity interest in a target company, which involves issuing consideration shares under a specific mandate. The circular, initially expected by November 13, 2025, will now be postponed to on or before January 15, 2026, due to the need for additional preparation time. This delay may impact shareholders and potential investors, as the completion of the transaction is contingent upon fulfilling certain conditions, and there is no guarantee it will proceed.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
More about Sunshine Oilsands
Sunshine Oilsands Ltd. is a Calgary-based public corporation listed on the Hong Kong Stock Exchange since March 1, 2012. The company focuses on developing its substantial oil sands leases in the Athabasca region, owning interests in approximately one million acres of oil sands, petroleum, and natural gas leases. Currently, Sunshine Oilsands is concentrating on milestone projects in the West Ells area, with an initial production target of 5,000 barrels per day.
Average Trading Volume: 3,181,023
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$211.4M
Find detailed analytics on 2012 stock on TipRanks’ Stock Analysis page.