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Sunshine Oilsands ( (HK:2012) ) just unveiled an update.
Sunshine Oilsands Ltd. has entered into an Equity Purchase Agreement to acquire a 51% equity interest in a target company, making it a subsidiary. The acquisition will be completed through the issuance of consideration shares, which will require approval from independent shareholders. This transaction is classified as a disclosable and connected transaction under the Hong Kong Stock Exchange Listing Rules, necessitating certain reporting and approval procedures.
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 corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada, and is listed on the Hong Kong Stock Exchange. The company is involved in the oil sands industry, focusing on the acquisition and development of oil sands resources.
Average Trading Volume: 2,951,839
Technical Sentiment Signal: Hold
Current Market Cap: HK$201.1M
See more insights into 2012 stock on TipRanks’ Stock Analysis page.