Puxing Energy Limited Invests in HashKey Holdings
Puxing Energy Limited (HK:0090) has announced a strategic investment in HashKey Holdings, acquiring Series A preferred shares valued at approximately US$380,000. The subscription price was aligned with market value based on recent transactions. This move aims to diversify Puxing Energy's portfolio and engage with reputable investors. The latest analyst rating for Puxing Energy stock is a Hold with a price target of HK$2.00. Puxing Energy focuses on energy-related investments and has a current market cap of HK$655.8M.
Puxing Energy Ltd. ( (HK:0090) ) has issued an announcement.
Puxing Energy Limited has announced a subscription of equity interest in HashKey Holdings Limited, acquiring Series A preferred shares valued at approximately US$380,000. The valuation for the subscription was conducted using a market approach, which considered recent transaction prices for similar assets, ensuring the subscription price aligned with the market value. This strategic investment reflects Puxing Energy’s interest in diversifying its portfolio and engaging with reputable institutional investors who have also acquired shares at consistent prices since 2023.
The most recent analyst rating on (HK:0090) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Puxing Energy Ltd. stock, see the HK:0090 Stock Forecast page.
More about Puxing Energy Ltd.
Puxing Energy Limited is a company incorporated in the Cayman Islands with limited liability, focusing on energy-related investments and operations.
Average Trading Volume: 405,161
Technical Sentiment Signal: Buy
Current Market Cap: HK$655.8M
