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Weigang Environmental Technology Holding Group Ltd. ( (HK:1845) ) has provided an update.
Weigang Environmental Technology Holding Group Ltd. announced the formation of a joint venture with Changzhou Rongzhixiang to establish a new company in China. The joint venture, with a registered capital of RMB20 million, will focus on manufacturing and selling environmental protection equipment and materials. Dehui Environment, a subsidiary of Weigang, will hold a 70% stake, while Changzhou Rongzhixiang will hold 30%. This strategic move is expected to enhance Weigang’s market positioning and operational capabilities in the environmental technology industry.
More about Weigang Environmental Technology Holding Group Ltd.
Weigang Environmental Technology Holding Group Ltd. operates in the environmental technology sector, focusing on the manufacturing of environmental protection equipment, sales of environmental protection materials, and development of new environmental technologies. The company is involved in promoting and applying innovative environmental protection products and technologies.
YTD Price Performance: -39.00%
Average Trading Volume: 64,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$161.3M
Learn more about 1845 stock on TipRanks’ Stock Analysis page.
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