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The latest announcement is out from China National Building Material Co ( (HK:3323) ).
China National Building Material Company Limited announced a proposed placing of new shares by its subsidiary, Sinoma Science & Technology Co., Ltd., to raise funds for projects and working capital. The agreement involves CNBM United Investment subscribing to a portion of these shares, with the issue price determined based on market conditions and regulatory approvals. This strategic move is expected to enhance Sinoma’s financial flexibility and support its growth initiatives.
The most recent analyst rating on (HK:3323) stock is a Buy with a HK$6.70 price target. To see the full list of analyst forecasts on China National Building Material Co stock, see the HK:3323 Stock Forecast page.
More about China National Building Material Co
China National Building Material Co., Ltd. operates in the building materials industry, focusing on the production and distribution of materials such as cement, glass, and other construction-related products. The company is a significant player in the market, with a focus on expanding its influence and operations through strategic investments and partnerships.
Average Trading Volume: 35,852,946
Current Market Cap: HK$40.02B
Find detailed analytics on 3323 stock on TipRanks’ Stock Analysis page.