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The latest announcement is out from Sunshine Oilsands ( (HK:2012) ).
Sunshine Oilsands Ltd. announced a significant acquisition involving a 51% equity interest in a target company, which will be executed through the issuance of consideration shares under a specific mandate. This acquisition, along with a debt settlement transaction, will alter the shareholding structure, impacting the controlling shareholder’s stake but will not trigger a general offer obligation under the Takeovers Code.
The most recent analyst rating on (HK:2012) stock is a Sell 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 company incorporated under the Business Corporations Act of Alberta, Canada, and is listed on the Hong Kong Stock Exchange. The company operates in the oil sands industry, focusing on the exploration and development of oil resources.
Average Trading Volume: 3,049,422
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$217.1M
For an in-depth examination of 2012 stock, go to TipRanks’ Overview page.