An announcement from Sunshine Oilsands ( (HK:2012) ) is now available.
Sunshine Oilsands Ltd. has entered into a Memorandum of Understanding for a potential acquisition of equity interest in a wholly-owned subsidiary of Nobao Energy Holding (China) Company Limited. The company has conducted thorough due diligence on the target company and is nearing the completion of its internal processes. This acquisition is expected to provide growth opportunities for Sunshine Oilsands, and the company plans to seek regulatory approval and call a shareholders’ meeting soon.
More about Sunshine Oilsands
Sunshine Oilsands Ltd. is a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada, with limited liability. It is listed on the Hong Kong Stock Exchange and is involved in the energy sector.
Average Trading Volume: 843,658
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$104.7M
Learn more about 2012 stock on TipRanks’ Stock Analysis page.