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Taizhou Water Group Co., Ltd. Class H ( (HK:1542) ) has shared an announcement.
Taizhou Water Group Co., Ltd. has announced several strategic initiatives, including the proposed appointment of Mr. Yang as a non-executive director and member of the nomination committee. Additionally, the company plans to issue debt financing notes through private placement and increase the registered capital of its subsidiary, Binhai Water, by RMB300 million. Furthermore, the company intends to establish a fund in partnership with several investment entities, with a proposed size of RMB1.01 billion, where Taizhou Water Group will contribute approximately 19.8% of the total capital. These moves are aimed at strengthening the company’s financial position and expanding its market presence.
The most recent analyst rating on (HK:1542) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Taizhou Water Group Co., Ltd. Class H stock, see the HK:1542 Stock Forecast page.
More about Taizhou Water Group Co., Ltd. Class H
Taizhou Water Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the water supply industry. The company focuses on providing water services and related infrastructure, with a market focus on expanding its operational and financial capabilities.
Average Trading Volume: 14,357
Technical Sentiment Signal: Sell
Current Market Cap: HK$64M
For an in-depth examination of 1542 stock, go to TipRanks’ Overview page.