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An announcement from Yip’s Chemical Holdings ( (HK:0408) ) is now available.
Yip’s Chemical Holdings has announced a major transaction involving the acquisition of a 60% equity interest in a leading enterprise in the PRC specializing in chemical vapor emissions management. This acquisition, valued between RMB254.4 million and RMB384 million, is expected to enhance Yip’s Chemical Holdings’ market position and operational capabilities in the chemical industry, subject to shareholder approval and compliance with Hong Kong’s Listing Rules.
The most recent analyst rating on (HK:0408) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on Yip’s Chemical Holdings stock, see the HK:0408 Stock Forecast page.
More about Yip’s Chemical Holdings
Yip’s Chemical Holdings operates in the chemical industry, focusing on the research, design, manufacturing, and provision of specialized systems solutions for managing chemical vapors emissions during the production, storage, and transportation of chemicals, oil, and gas.
Average Trading Volume: 228,367
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.03B
Learn more about 0408 stock on TipRanks’ Stock Analysis page.