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The latest announcement is out from Xinchen China Power Holdings Ltd. ( (HK:1148) ).
Xinchen China Power Holdings Limited, a company incorporated in the Cayman Islands, has announced a significant transaction involving the acquisition of equity in Zhonghang Lantian Equipment Manufacturing Co., Ltd. The deal involves the purchase of sale interest for approximately RMB147.1 million and a capital increase of US$5 million, resulting in the Target Company becoming a subsidiary of Xinchen China Power Holdings Limited. This transaction is classified as a major transaction under the Hong Kong Stock Exchange Listing Rules, requiring shareholder approval and other regulatory procedures. Following the announcement, trading in the company’s shares, which was temporarily halted, has resumed.
The most recent analyst rating on (HK:1148) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Xinchen China Power Holdings Ltd. stock, see the HK:1148 Stock Forecast page.
More about Xinchen China Power Holdings Ltd.
Average Trading Volume: 2,868,857
Technical Sentiment Signal: Buy
Current Market Cap: HK$384.7M
For an in-depth examination of 1148 stock, go to TipRanks’ Overview page.