The latest announcement is out from Century Entertainment International Holdings Limited ( (HK:0959) ).
Century Entertainment International Holdings Limited is expanding its business by entering the camellia seed oil market, leveraging China’s position as the largest producer of this nutritious oil. This strategic move aims to diversify the company’s business, reduce reliance on its entertainment sector, and enhance profitability by tapping into a rapidly growing market. The initiative also supports sustainable development and community growth, aligning with government policies to boost the camellia industry, increase farmers’ income, and ensure food security.
More about Century Entertainment International Holdings Limited
Century Entertainment International Holdings Limited operates in the entertainment industry, but is now diversifying into the sourcing and distribution of premium camellia seed oil. This move aligns with the growing demand for high-quality nutritious edible oils and is supported by favorable fiscal policies in China.
YTD Price Performance: -18.48%
Average Trading Volume: 92,566
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$48.09M
For a thorough assessment of 0959 stock, go to TipRanks’ Stock Analysis page.