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The latest update is out from Zhongzheng International Company Limited ( (HK:0943) ).
Zhongzheng International Company Limited has announced the termination of its cooperation agreement with PT Nusantara Energi Thermal due to the latter’s inability to resume mining operations at the PT Bara Mine. The company has now entered into an exclusive agreement with PT Barindo Multi Sejahtera to carry out all production activities at the mine, aiming to sustain and potentially enhance its mining operations following a period of market challenges and operational suspensions.
The most recent analyst rating on (HK:0943) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on Zhongzheng International Company Limited stock, see the HK:0943 Stock Forecast page.
More about Zhongzheng International Company Limited
Zhongzheng International Company Limited is a company incorporated in Bermuda, operating primarily in the coal mining industry. The company focuses on coal production and sales, with significant operations at the PT Bara Mine in Indonesia.
Average Trading Volume: 389,392
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$290.5M
For detailed information about 0943 stock, go to TipRanks’ Stock Analysis page.