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An announcement from Huaxin Cement Co., Ltd. Class H ( (HK:6655) ) is now available.
Huaxin Cement Co., Ltd. has announced the termination of its plan to spin off its overseas subsidiary for listing on an overseas stock exchange. This decision was made after thorough consultations and assessments revealed that the proposed spin-off would take longer than anticipated and might not comply with relevant regulations if the subsidiary’s net profit exceeded certain thresholds. The company assures that this termination will not adversely affect its production, business activities, financial condition, or strategic plans.
The most recent analyst rating on (HK:6655) stock is a Buy with a HK$15.00 price target. To see the full list of analyst forecasts on Huaxin Cement Co., Ltd. Class H stock, see the HK:6655 Stock Forecast page.
More about Huaxin Cement Co., Ltd. Class H
Huaxin Cement Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the cement industry, focusing on the production and distribution of cement and related products.
Average Trading Volume: 24,959,454
Technical Sentiment Signal: Buy
Current Market Cap: HK$37.49B
For a thorough assessment of 6655 stock, go to TipRanks’ Stock Analysis page.