Wuhan Youji Forms New Photochemical Subsidiary for 15,000-Tonne Aromatic Aldehyde/Ester Replacement Project

Wuhan Youji Holdings Ltd. ( (HK:2881) ) just unveiled an announcement.

Wuhan Youji Holdings Ltd. has announced that its wholly owned PRC subsidiary, Wuhan Youji, will form a new non-wholly owned joint stock company, Wuhan Youji Photochemical Technology Co., Ltd., together with Wuhan Guangyao, Wuhan Shengyu and several individual partners. The new entity will focus on research, development, industrialisation and commercial production of photochemical oxidation technologies and products that replace aromatic aldehyde/ester series, along with broader new materials development and import-export activities, and will construct and operate a 15,000-tonne-per-year aromatic aldehyde/ester replacement project in Wuhan. This move represents a significant strategic investment and connected transaction for the group, positioning Wuhan Youji to expand its technological capabilities, scale up high-value specialty chemicals production and potentially strengthen its competitive standing in the advanced materials and chemical technology market.

The most recent analyst rating on (HK:2881) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Wuhan Youji Holdings Ltd. stock, see the HK:2881 Stock Forecast page.

More about Wuhan Youji Holdings Ltd.

Wuhan Youji Holdings Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates in the chemicals sector through its PRC subsidiaries, focusing on the development, production and commercialisation of chemical technologies and materials. Its activities include research and industrialisation of advanced processes and products such as aromatic aldehyde and ester replacements, with an emphasis on new materials and export-oriented business.

Average Trading Volume: 32,163

Technical Sentiment Signal: Sell

Current Market Cap: HK$499.2M

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