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An announcement from Yankuang Energy Group Company Limited Class H ( (HK:1171) ) is now available.
Yankuang Energy Group Company Limited has announced its intention to spin off its subsidiary, Kasong Science and Technology Co., Ltd., to be listed on the National Equities Exchange and Quotations. This strategic move is expected to enhance Kasong’s market competitiveness and financial transparency, broaden its financing channels, and improve its management systems. The spin-off aims to boost the company’s industrial scale, enhance its brand image, and maximize shareholder value while maintaining control over Kasong Science and Technology.
The most recent analyst rating on (HK:1171) stock is a Hold with a HK$7.80 price target. To see the full list of analyst forecasts on Yankuang Energy Group Company Limited Class H stock, see the HK:1171 Stock Forecast page.
More about Yankuang Energy Group Company Limited Class H
Yankuang Energy Group Company Limited is a joint stock limited company incorporated in the People’s Republic of China, primarily involved in the energy sector. The company, along with its subsidiaries, focuses on high-end equipment manufacturing and is engaged in the research, development, production, and sales of industrial lubricants and grease products.
YTD Price Performance: 29.41%
Average Trading Volume: 43,160,322
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$131.8B
For an in-depth examination of 1171 stock, go to TipRanks’ Overview page.