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Tongguan Gold Group Ltd. ( (HK:0340) ) has issued an announcement.
Tongguan Gold Group Ltd. has announced a Special General Meeting to approve a significant acquisition agreement. The company plans to acquire 100% of Wise Trend Investment Limited for HK$400 million, with the transaction settled through the issuance of 800 million new shares. This strategic move is expected to strengthen Tongguan Gold’s asset portfolio and enhance its market positioning in the gold industry.
The most recent analyst rating on (HK:0340) stock is a Buy with a HK$3.50 price target. To see the full list of analyst forecasts on Tongguan Gold Group Ltd. stock, see the HK:0340 Stock Forecast page.
More about Tongguan Gold Group Ltd.
Tongguan Gold Group Ltd. operates in the precious metals industry, focusing primarily on gold-related investments and acquisitions. The company is involved in the acquisition and management of gold mining assets, aiming to enhance its market position within the gold sector.
YTD Price Performance: 538.60%
Average Trading Volume: 25,446,916
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.33B
For detailed information about 0340 stock, go to TipRanks’ Stock Analysis page.