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West China Cement ( (HK:2233) ) just unveiled an announcement.
West China Cement Limited has announced major disposals and connected transactions involving the sale of companies and assets in Xinjiang. The transactions, which include multiple agreements with various purchasers, amount to a total consideration of RMB1.65 billion, subject to adjustments. These disposals are classified as major transactions under the Hong Kong Listing Rules, requiring shareholder approval. The transactions also involve connected parties, necessitating additional regulatory compliance. Upon completion, the company will no longer hold equity interests in the target companies, potentially impacting its operational focus and market positioning.
The most recent analyst rating on (HK:2233) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.
More about West China Cement
West China Cement Limited is a company incorporated in Jersey, primarily engaged in the production and sale of cement. The company operates within the construction materials industry, focusing on the Chinese market, particularly in regions like Xinjiang.
Average Trading Volume: 27,014,176
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.59B
For a thorough assessment of 2233 stock, go to TipRanks’ Stock Analysis page.