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The latest update is out from Asia Resources Holdings Limited ( (HK:0899) ).
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda, has completed a significant transaction involving the disposal of its sale shares, resulting in the target companies no longer being its subsidiaries. This move will impact the company’s financial consolidation as the financial results of the target group will not be included in the company’s financial statements. Additionally, the company has appointed Mr. Wang Pengwei as an independent non-executive director, bringing his extensive experience in government administration and supervision to the board. These changes reflect the company’s strategic adjustments and compliance with listing rules, potentially affecting its market positioning and stakeholder relations.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
More about Asia Resources Holdings Limited
Average Trading Volume: 522,400
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$32.64M
For a thorough assessment of 0899 stock, go to TipRanks’ Stock Analysis page.