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China Qinfa Group Ltd. ( (HK:0866) ) has issued an update.
China Qinfa Group Ltd. announced that its subsidiary, SDE, has entered into a Coal Supply Agreement with Zhejiang Energy Asia Pacific for the sale of 75,000 MT of Indonesian steam coal. This transaction is classified as a connected transaction under the Hong Kong Listing Rules due to Zhejiang Energy Asia Pacific’s status as a connected person at the subsidiary level. The agreement has been approved by the Board and deemed fair and reasonable by independent non-executive directors, thus exempting it from certain regulatory requirements.
The most recent analyst rating on (HK:0866) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China Qinfa Group Ltd. stock, see the HK:0866 Stock Forecast page.
More about China Qinfa Group Ltd.
China Qinfa Group Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the coal industry. It focuses on the supply and trading of coal, with a market presence that includes subsidiaries and connected entities.
Average Trading Volume: 8,993,531
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.99B
For a thorough assessment of 0866 stock, go to TipRanks’ Stock Analysis page.