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Taizhou Water Group Co., Ltd. Class H ( (HK:1542) ) has issued an update.
Taizhou Water Group Co., Ltd. has decided not to proceed with a previously proposed major and connected transaction involving the establishment of an investment fund, confirming that no binding agreements had been signed in relation to the plan. The board stated that terminating the proposed fund partnership will not have any material adverse impact on the group’s business operations or financial position, suggesting that the withdrawal should not significantly alter its current strategic or financial outlook for stakeholders.
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 and listed in Hong Kong, operating in the water utilities sector. The group is engaged in water-related services and infrastructure, serving municipal and regional needs under the oversight of a board comprising executive, non-executive and independent non-executive directors.
Average Trading Volume: 21,333
Technical Sentiment Signal: Sell
Current Market Cap: HK$57M
See more data about 1542 stock on TipRanks’ Stock Analysis page.